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 company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $19.35, for a total transaction of $49,516.65. Following the completion of the sale, the chief executive officer now directly owns 2,116,706 shares of the company’s stock, valued at approximately $40,958,261.10. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $17.23, for a total transaction of $172,300.00.

Lifeway Foods Trading Down 10.9 %

Shares of LWAY opened at $17.22 on Friday. The stock has a market capitalization of $252.96 million, a P/E ratio of 22.66 and a beta of 1.29. The company has a quick ratio of 1.75, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $12.60. Lifeway Foods, Inc. has a twelve month low of $5.61 and a twelve month high of $19.60.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new stake in shares of Lifeway Foods in the 3rd quarter worth about $27,000. Tower Research Capital LLC TRC lifted its position 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 worth $67,000 after purchasing an additional 4,348 shares during the period. Millennium Management LLC purchased a new stake in shares of Lifeway Foods in the 4th quarter worth about $82,000. Denali Advisors LLC purchased a new stake in shares of Lifeway Foods in the 3rd quarter worth about $91,000. Finally, UBS Group AG lifted its position in shares of Lifeway Foods by 12,896.2% in the 4th quarter. UBS Group AG now owns 16,895 shares of the company’s stock worth $94,000 after purchasing an additional 16,765 shares during the period. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LWAY. Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a research report on Wednesday. StockNews.com cut shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research 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.