Westrock Coffee (NASDAQ:WEST) Position Raised by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of Westrock Coffee (NASDAQ:WEST) by 62.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,107 shares of the company’s stock after buying an additional 6,981 shares during the period. Blue Trust Inc.’s holdings in Westrock Coffee were worth $118,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WEST. Gilliland Jeter Wealth Management LLC grew its holdings in shares of Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock worth $30,000 after acquiring an additional 2,047 shares during the last quarter. Atom Investors LP purchased a new stake in Westrock Coffee during the third quarter valued at about $70,000. Intech Investment Management LLC acquired a new position in shares of Westrock Coffee in the third quarter worth about $71,000. Patriot Investment Management Group Inc. purchased a new position in shares of Westrock Coffee in the third quarter worth approximately $78,000. Finally, Summit Asset Management LLC acquired a new stake in shares of Westrock Coffee during the third quarter valued at approximately $86,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Westrock Coffee

In related news, Director Kenneth M. Parent purchased 62,735 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of $8.07 per share, for a total transaction of $506,271.45. Following the acquisition, the director now directly owns 112,451 shares in the company, valued at approximately $907,479.57. The trade was a 126.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 42.10% of the company’s stock.

Westrock Coffee Price Performance

Shares of WEST opened at $6.61 on Friday. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The company has a market capitalization of $622.58 million, a price-to-earnings ratio of -7.69 and a beta of 0.57. The business’s 50-day moving average is $6.75 and its 200-day moving average is $7.37. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $11.21.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group cut their target price on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock 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.