Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $197,841.12 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 8,376 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $23.62, for a total value of $197,841.12. Following the sale, the insider now owns 932,447 shares in the company, valued at $22,024,398.14. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, April 10th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $23.51, for a total value of $235,100.00.
• On Tuesday, February 11th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $21.31, for a total transaction of $213,100.00.
• 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.

Lifeway Foods Stock Performance

Shares of LWAY stock opened at $23.72 on Friday. The firm has a market capitalization of $360.62 million, a PE ratio of 27.58 and a beta of 0.93. Lifeway Foods, Inc. has a 1 year low of $10.06 and a 1 year high of $28.61. The stock has a fifty day moving average of $22.68 and a two-hundred day moving average of $23.73.

Lifeway Foods (NASDAQ:LWAY) last released its earnings results on Friday, March 14th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.19). The company had revenue of $46.93 million for the quarter, compared to analyst estimates of $48.00 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.

Institutional Investors Weigh In On Lifeway Foods

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of Lifeway Foods by 8.2% in the 1st quarter. Rhumbline Advisers now owns 6,068 shares of the company’s stock worth $148,000 after buying an additional 462 shares in the last quarter. Algert Global LLC grew its holdings in Lifeway Foods by 8.1% during the fourth quarter. Algert Global LLC now owns 9,076 shares of the company’s stock worth $225,000 after acquiring an additional 680 shares during the period. Barclays PLC raised its position in Lifeway Foods by 11.0% in the fourth quarter. Barclays PLC now owns 7,127 shares of the company’s stock worth $176,000 after acquiring an additional 707 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Lifeway Foods by 33.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock valued at $71,000 after acquiring an additional 718 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Lifeway Foods by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company’s stock valued at $1,385,000 after acquiring an additional 868 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a research report on Tuesday. They issued a “hold” rating for the company.

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.