Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells $172,300.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.23, for a total transaction of $172,300.00. Following the completion of the transaction, the chief executive officer now directly owns 2,117,081 shares in the company, valued at $36,477,305.63. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, March 27th, Julie Smolyansky sold 2,559 shares of Lifeway Foods stock. The stock was sold at an average price of $19.35, for a total transaction of $49,516.65.

Lifeway Foods Trading Down 10.9 %

Lifeway Foods stock traded down $2.11 during trading on Thursday, hitting $17.22. The company had a trading volume of 246,516 shares, compared to its average volume of 68,740. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Lifeway Foods, Inc. has a 1-year low of $5.61 and a 1-year high of $19.60. The stock has a market cap of $252.96 million, a price-to-earnings ratio of 22.66 and a beta of 1.29. The company’s 50 day simple moving average is $12.46 and its 200-day simple moving average is $12.57.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Lifeway Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. purchased a new position in Lifeway Foods in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its position in 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 buying an additional 4,348 shares during the period. Millennium Management LLC purchased a new position in Lifeway Foods in the 4th quarter valued at approximately $82,000. Denali Advisors LLC purchased a new stake in shares of Lifeway Foods during the 3rd quarter worth $91,000. Finally, UBS Group AG lifted its position in shares of 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 purchasing an additional 16,765 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

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.