Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 10,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the transaction, the insider now directly owns 17,343 shares in the company, valued at approximately $369,579.33. The trade was a 36.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The stock was sold at an average price of $22.55, for a total transaction of $271,366.70.
• On Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.67, for a total transaction of $226,700.00.
• On Monday, January 13th, Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock. The shares were sold at an average price of $22.24, for a total transaction of $667,200.00.
• 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 transaction of $1,057,050.00.
• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.12, for a total transaction of $361,800.00.

Lifeway Foods Price Performance

LWAY opened at $22.47 on Friday. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61. The firm’s fifty day moving average price is $23.15 and its 200 day moving average price is $22.46. The stock has a market capitalization of $333.01 million, a PE ratio of 26.13 and a beta of 1.01.

Institutional Trading of Lifeway Foods

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in Lifeway Foods during the third quarter valued at $679,000. Los Angeles Capital Management LLC bought a new stake in Lifeway Foods during the third quarter valued at $1,237,000. BNP Paribas Financial Markets increased its stake in Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after purchasing an additional 1,155 shares during the last quarter. State Street Corp increased its stake in Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after purchasing an additional 12,020 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Lifeway Foods during the third quarter valued at $1,270,000. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a report on Monday, February 10th. They issued a “hold” rating on the 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.