Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky Sells 2,559 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 2,559 shares of Lifeway Foods stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Price Performance

Shares of NASDAQ LWAY opened at $17.22 on Friday. Lifeway Foods, Inc. has a twelve month low of $5.61 and a twelve month high of $19.60. 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 company has a market capitalization of $252.96 million, a PE ratio of 22.66 and a beta of 1.29. The firm has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $12.60.

Institutional Investors Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently bought and sold shares of LWAY. Citigroup Inc. bought a new stake in Lifeway Foods in the third quarter valued at $27,000. Tower Research Capital LLC TRC increased its stake in Lifeway Foods by 656.8% in the fourth 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 bought a new stake in Lifeway Foods in the fourth quarter valued at $82,000. Denali Advisors LLC bought a new stake in Lifeway Foods in the third quarter valued at $91,000. Finally, UBS Group AG increased its stake in Lifeway Foods by 12,896.2% in the fourth quarter. UBS Group AG now owns 16,895 shares of the company’s stock valued at $94,000 after purchasing an additional 16,765 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LWAY. StockNews.com downgraded shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a research note 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.