Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 30,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 30,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $22.24, for a total value of $667,200.00. Following the sale, the insider now owns 995,549 shares of the company’s stock, valued at $22,141,009.76. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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.
• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The stock was sold at an average price of $24.12, for a total value of $361,800.00.

Lifeway Foods Stock Up 1.3 %

NASDAQ:LWAY opened at $22.70 on Thursday. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61. The company has a market cap of $336.32 million, a PE ratio of 26.40 and a beta of 1.02. The business’s 50 day moving average is $23.84 and its two-hundred day moving average is $21.01.

Wall Street Analyst Weigh In

LWAY has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Lifeway Foods in a research note on Thursday, January 9th. They issued a “hold” rating for the company. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Hedge Funds Weigh In On Lifeway Foods

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Lifeway Foods during the third quarter worth $1,270,000. Los Angeles Capital Management LLC acquired a new stake in Lifeway Foods during the third quarter worth about $1,237,000. American Century Companies Inc. bought a new position in Lifeway Foods in the second quarter worth about $593,000. Bank of Montreal Can acquired a new position in Lifeway Foods in the second quarter valued at approximately $432,000. Finally, Marshall Wace LLP grew its holdings in shares of Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

About Lifeway Foods

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.