Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells $49,516.65 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 2,559 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $19.35, for a total transaction of $49,516.65. Following the sale, the chief executive officer now owns 2,116,706 shares in the company, valued at $40,958,261.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, March 25th, Julie Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $17.23, for a total transaction of $172,300.00.

Lifeway Foods Stock Down 10.9 %

Shares of LWAY traded down $2.11 during midday trading on Thursday, reaching $17.22. The stock had a trading volume of 246,516 shares, compared to its average volume of 68,740. Lifeway Foods, Inc. has a 1-year low of $5.61 and a 1-year high of $19.60. The company’s fifty day simple moving average is $12.46 and its two-hundred day simple moving average is $12.57. The company 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 debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75.

Institutional Investors Weigh In On Lifeway Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC raised its holdings in shares of Lifeway Foods by 656.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock valued at $67,000 after purchasing an additional 4,348 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Lifeway Foods in the 4th quarter valued at $82,000. Denali Advisors LLC acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $91,000. Finally, UBS Group AG raised its stake in Lifeway Foods by 12,896.2% during the 4th quarter. UBS Group AG now owns 16,895 shares of the company’s stock worth $94,000 after acquiring an additional 16,765 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LWAY. Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a report on Wednesday. StockNews.com lowered shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

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.