HighTower Advisors LLC Sells 1,839 Shares of Westrock Coffee (NASDAQ:WEST)

HighTower Advisors LLC cut its holdings in shares of Westrock Coffee (NASDAQ:WEST) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,837 shares of the company’s stock after selling 1,839 shares during the period. HighTower Advisors LLC’s holdings in Westrock Coffee were worth $1,373,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Westrock Coffee by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company’s stock worth $1,827,000 after buying an additional 2,010 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Westrock Coffee by 26.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company’s stock worth $159,000 after acquiring an additional 5,200 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Westrock Coffee by 62.7% in the fourth quarter. Blue Trust Inc. now owns 18,107 shares of the company’s stock worth $118,000 after acquiring an additional 6,981 shares during the last quarter. Atom Investors LP bought a new position in shares of Westrock Coffee in the third quarter worth about $70,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Westrock Coffee in the 3rd quarter valued at approximately $71,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Stock Up 0.3 %

Shares of NASDAQ WEST opened at $7.08 on Wednesday. The company has a 50 day simple moving average of $6.54 and a 200 day simple moving average of $6.74. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $10.99. The firm has a market cap of $667.13 million, a PE ratio of -8.23 and a beta of 0.59.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Westrock Coffee in a research note on Friday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 price target on shares of Westrock Coffee in a research note on Wednesday, March 12th.

Insider Buying and Selling at Westrock Coffee

In related news, COO William A. Ford purchased 15,000 shares of Westrock Coffee stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $6.45 per share, for a total transaction of $96,750.00. Following the transaction, the chief operating officer now owns 476,190 shares of the company’s stock, valued at approximately $3,071,425.50. This represents a 3.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.10% of the company’s stock.

Westrock Coffee Company 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.