AlphaQuest LLC decreased its stake in shares of Westrock Coffee (NASDAQ:WEST - Free Report) by 69.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,803 shares of the company's stock after selling 41,860 shares during the period. AlphaQuest LLC's holdings in Westrock Coffee were worth $121,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. NFC Investments LLC boosted its position in Westrock Coffee by 17.0% in the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company's stock worth $26,286,000 after purchasing an additional 588,160 shares during the last quarter. Geode Capital Management LLC boosted its position in Westrock Coffee by 5.7% in the third quarter. Geode Capital Management LLC now owns 806,325 shares of the company's stock worth $5,242,000 after purchasing an additional 43,731 shares during the last quarter. State Street Corp boosted its position in Westrock Coffee by 2.0% in the third quarter. State Street Corp now owns 649,553 shares of the company's stock worth $4,222,000 after purchasing an additional 12,937 shares during the last quarter. Principal Street Partners LLC boosted its position in Westrock Coffee by 100.0% in the third quarter. Principal Street Partners LLC now owns 391,680 shares of the company's stock worth $2,546,000 after purchasing an additional 195,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Westrock Coffee by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company's stock worth $1,827,000 after purchasing an additional 2,010 shares during the last quarter. Hedge funds and other institutional investors own 45.08% of the company's stock.
Westrock Coffee Stock Performance
Shares of WEST traded up $0.37 during mid-day trading on Friday, hitting $6.89. The stock had a trading volume of 593,881 shares, compared to its average volume of 269,177. The firm has a market cap of $648.96 million, a P/E ratio of -8.01 and a beta of 0.59. The business has a fifty day moving average price of $6.51 and a 200-day moving average price of $6.77. 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 52 week low of $5.28 and a 52 week high of $10.99.
Insider Buying and Selling at Westrock Coffee
In other news, COO William A. Ford bought 15,000 shares of the stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $6.45 per share, for a total transaction of $96,750.00. Following the completion of the purchase, the chief operating officer now directly owns 476,190 shares in the company, valued at $3,071,425.50. This represents a 3.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 42.10% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Benchmark reissued a "buy" rating and issued a $10.00 price objective on shares of Westrock Coffee in a research report on Friday, March 14th. Telsey Advisory Group restated an "outperform" rating and issued a $9.00 target price on shares of Westrock Coffee in a research note on Wednesday, March 12th.
Read Our Latest Stock Analysis on WEST
Westrock Coffee Company Profile
(
Free Report)
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.
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