Ludmila Smolyansky Sells 15,000 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 15,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00. Following the transaction, the insider now owns 1,040,549 shares of the company’s stock, valued at $25,098,041.88. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $23.49, for a total transaction of $1,057,050.00.

Lifeway Foods Trading Down 0.4 %

Shares of NASDAQ LWAY opened at $23.00 on Thursday. The stock has a market cap of $340.77 million, a PE ratio of 26.74 and a beta of 1.02. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61. The company has a 50-day moving average of $24.22 and a 200 day moving average of $20.65.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LWAY shares. StockNews.com started coverage on Lifeway Foods in a report on Thursday. They issued a “hold” rating on the stock. Noble Financial cut Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

Institutional Investors Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Lifeway Foods by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after buying an additional 30,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,018 shares during the last quarter. Marshall Wace LLP lifted its holdings in Lifeway Foods by 48.5% in the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after acquiring an additional 32,742 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of Lifeway Foods by 30.7% during the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock worth $1,552,000 after purchasing an additional 14,051 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Lifeway Foods by 56.6% during the second quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after buying an additional 21,168 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.