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

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) 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 value of $213,100.00. Following the transaction, the insider now directly owns 17,343 shares of the company's stock, valued at $369,579.33. This trade represents a 36.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 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 value 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 value of $226,700.00.
• On Monday, January 13th, Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.24, for a total value of $667,200.00.
• 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 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 Price Performance

Shares of Lifeway Foods stock traded up $0.79 on Tuesday, hitting $23.26. 17,182 shares of the company's stock traded hands, compared to its average volume of 51,087. Lifeway Foods, Inc. has a one year low of $9.93 and a one year high of $28.61. The company has a fifty day moving average of $23.08 and a two-hundred day moving average of $22.75. The company has a market capitalization of $344.71 million, a price-to-earnings ratio of 27.05 and a beta of 1.01.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Lifeway Foods in a research report on Tuesday. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Capital Advisors LLC bought a new position in Lifeway Foods in the third quarter worth approximately $398,000. Cutter & CO Brokerage Inc. bought a new position in Lifeway Foods in the third quarter worth approximately $212,000. Covestor Ltd bought a new position in Lifeway Foods in the third quarter worth approximately $50,000. Los Angeles Capital Management LLC bought a new position in Lifeway Foods in the third quarter worth approximately $1,237,000. Finally, Towerview LLC bought a new position in Lifeway Foods in the third quarter worth approximately $518,000. Institutional investors 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.