Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 17,948 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $23.92, for a total transaction of $429,316.16. Following the transaction, the insider now directly owns 905,823 shares of the company's stock, valued at approximately $21,667,286.16. This represents a 1.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% 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 Monday, April 14th, Ludmila Smolyansky sold 8,376 shares of Lifeway Foods stock. The stock was sold at an average price of $23.62, for a total value of $197,841.12.
- 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 stock was sold at an average price of $21.31, for a total transaction of $213,100.00.
Lifeway Foods Trading Down 2.7 %
Shares of NASDAQ LWAY opened at $23.07 on Tuesday. Lifeway Foods, Inc. has a one year low of $10.06 and a one year high of $28.61. The business has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $23.67. The firm has a market capitalization of $350.73 million, a price-to-earnings ratio of 26.83 and a beta of 0.93.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its earnings results on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.19). The business had revenue of $46.93 million during the quarter, compared to the consensus estimate of $48.00 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Lifeway Foods in a research report on Tuesday, April 15th. They issued a "hold" rating on the stock.
Get Our Latest Analysis on LWAY
Institutional Trading of Lifeway Foods
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in shares of Lifeway Foods by 33.6% during the fourth 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 period. Rhumbline Advisers boosted its position in Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after buying an additional 1,059 shares in the last quarter. Barclays PLC grew its stake in Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after buying an additional 1,849 shares during the last quarter. Sagefield Capital LP acquired a new stake in shares of Lifeway Foods during the fourth quarter worth approximately $211,000. Finally, Janus Henderson Group PLC bought a new position in shares of Lifeway Foods in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 36.39% of the company's stock.
Lifeway Foods Company Profile
(
Get Free Report)
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.
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