Westrock Coffee (NASDAQ:WEST) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in Westrock Coffee (NASDAQ:WEST) by 363.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,357 shares of the company’s stock after purchasing an additional 44,993 shares during the period. Barclays PLC’s holdings in Westrock Coffee were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Westrock Coffee by 69.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock valued at $35,000 after buying an additional 1,444 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Westrock Coffee by 79.8% in the second quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock valued at $42,000 after acquiring an additional 1,820 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in shares of Westrock Coffee by 81.9% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock worth $30,000 after purchasing an additional 2,047 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Westrock Coffee by 15.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,050 shares of the company’s stock worth $154,000 after purchasing an additional 2,070 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Westrock Coffee by 1.7% in the 3rd quarter. Stephens Inc. AR now owns 152,717 shares of the company’s stock valued at $993,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Stock Up 3.8 %

Westrock Coffee stock opened at $6.59 on Friday. The stock has a 50 day moving average of $7.04 and a two-hundred day moving average of $7.95. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $11.21. The stock has a market capitalization of $620.70 million, a price-to-earnings ratio of -7.66 and a beta of 0.48. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Insider Transactions at Westrock Coffee

In other news, Director Kenneth M. Parent purchased 62,735 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of $8.07 per share, with a total value of $506,271.45. Following the completion of the acquisition, the director now directly owns 112,451 shares of the company’s stock, valued at approximately $907,479.57. This trade represents a 126.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 42.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial assumed coverage on Westrock Coffee in a research note on Monday, October 7th. They set a “buy” rating and a $10.00 price target on the stock. Craig Hallum began coverage on shares of Westrock Coffee in a report on Monday, September 23rd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Telsey Advisory Group decreased their price target on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Westrock Coffee Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.