Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 5,000 shares of the company's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $19.56, for a total transaction of $97,800.00. Following the completion of the sale, the insider now directly owns 1,312,534 shares in the company, valued at $25,673,165.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Monday, April 8th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $20.40, for a total transaction of $102,000.00.
- On Tuesday, March 26th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The stock was sold at an average price of $18.71, for a total transaction of $243,230.00.
- On Friday, March 22nd, Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock. The stock was sold at an average price of $15.80, for a total transaction 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 transaction of $167,310.00.
- On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The shares were sold at an average price of $12.34, for a total transaction of $167,108.28.
- On Thursday, February 8th, Ludmila Smolyansky sold 22,747 shares of Lifeway Foods stock. The shares were sold at an average price of $11.61, for a total transaction 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 shares were 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 Stock Performance
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Lifeway Foods stock opened at $21.22 on Thursday. The firm has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $13.08. Lifeway Foods, Inc. has a 1-year low of $5.61 and a 1-year high of $23.31. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75. The stock has a market cap of $311.72 million, a price-to-earnings ratio of 27.92 and a beta of 1.33.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. StockNews.com cut shares of Lifeway Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 6th. Noble Financial reissued a "market perform" rating on shares of Lifeway Foods in a research note on Wednesday, March 27th. Finally, Lake Street Capital assumed coverage on shares of Lifeway Foods in a research note on Friday, April 5th. They issued a "buy" rating and a $25.00 price target for the company.
Read Our Latest Stock Analysis on LWAY
Hedge Funds Weigh In On Lifeway Foods
A number of hedge funds have recently made changes to their positions in LWAY. EAM Investors LLC purchased a new position in shares of Lifeway Foods during the 3rd quarter worth approximately $1,353,000. Susquehanna International Group LLP purchased a new position in shares of Lifeway Foods during the 1st quarter worth approximately $483,000. Bank of New York Mellon Corp purchased a new position in shares of Lifeway Foods during the 3rd quarter worth approximately $405,000. Vanguard Group Inc. boosted its position in shares of Lifeway Foods by 22.8% during the 1st quarter. Vanguard Group Inc. now owns 178,117 shares of the company's stock worth $1,286,000 after purchasing an additional 33,079 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Lifeway Foods by 15.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 235,097 shares of the company's stock worth $3,153,000 after purchasing an additional 31,813 shares during the period. Hedge funds and other institutional investors own 36.39% of the company's stock.
About Lifeway Foods
(
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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