Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 13,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 13,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $18.71, for a total transaction of $243,230.00. Following the transaction, the insider now owns 1,334,534 shares of the company’s stock, valued at approximately $24,969,131.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, March 22nd, Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock. The shares were sold at an average price of $15.80, for a total value of $60,861.60.
• On Wednesday, March 20th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The shares were sold at an average price of $12.87, for a total value of $167,310.00.
• On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The stock was sold at an average price of $12.34, for a total value of $167,108.28.
• On Thursday, February 8th, Ludmila Smolyansky sold 22,747 shares of Lifeway Foods stock. The stock was sold at an average price of $11.61, for a total value of $264,092.67.
• On Tuesday, February 6th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $11.84, for a total transaction of $118,400.00.
• On Wednesday, January 24th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $13.44, for a total transaction of $67,200.00.
• On Monday, January 22nd, Ludmila Smolyansky sold 11,459 shares of Lifeway Foods stock. The shares were sold at an average price of $13.54, for a total transaction of $155,154.86.

Lifeway Foods Trading Down 10.9 %

LWAY stock opened at $17.22 on Friday. Lifeway Foods, Inc. has a one year low of $5.61 and a one year high of $19.60. The stock has a market cap of $252.96 million, a price-to-earnings ratio of 22.66 and a beta of 1.29. The company has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $12.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LWAY shares. StockNews.com downgraded shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Noble Financial restated a “market perform” rating on shares of Lifeway Foods in a research note on Wednesday.

Institutional Trading of Lifeway Foods

Hedge funds have recently modified their holdings of the stock. EAM Investors LLC bought a new stake in shares of Lifeway Foods during the 3rd quarter worth about $1,353,000. Acadian Asset Management LLC bought a new stake in shares of Lifeway Foods during the 3rd quarter worth about $143,000. Bank of New York Mellon Corp bought a new stake in shares of Lifeway Foods during the 3rd quarter worth about $405,000. Kanen Wealth Management LLC boosted its holdings in shares of Lifeway Foods by 107.9% during the 2nd quarter. Kanen Wealth Management LLC now owns 620,973 shares of the company’s stock worth $4,085,000 after buying an additional 322,260 shares during the period. Finally, Teton Advisors Inc. bought a new stake in shares of Lifeway Foods during the 3rd quarter worth about $114,000. 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.