Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $361,800.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $24.12, for a total value of $361,800.00. Following the transaction, the insider now owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

• On Monday, January 6th, Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00.

Lifeway Foods Stock Down 0.4 %

Shares of Lifeway Foods stock opened at $23.00 on Friday. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a market capitalization of $340.77 million, a PE ratio of 26.74 and a beta of 1.02. The stock’s fifty day moving average is $24.15 and its 200-day moving average is $20.66.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LWAY. Noble Financial downgraded shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com began coverage on shares of Lifeway Foods in a research note on Thursday. They set a “hold” rating for the company.

Institutional Trading of Lifeway Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in shares of Lifeway Foods in the third quarter worth about $50,000. BNP Paribas Financial Markets lifted its position in shares of Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after acquiring an additional 1,155 shares in the last quarter. Rhumbline Advisers boosted its stake in Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after purchasing an additional 4,668 shares during the period. Quest Partners LLC purchased a new position in Lifeway Foods during the 2nd quarter worth approximately $82,000. Finally, Barclays PLC raised its stake in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.