Westrock Coffee (NASDAQ:WEST) Position Boosted by Barclays PLC

Barclays PLC lifted its holdings in shares of Westrock Coffee (NASDAQ:WEST - Free Report) by 363.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,357 shares of the company's stock after acquiring an additional 44,993 shares during the quarter. Barclays PLC owned about 0.06% of Westrock Coffee worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WEST. Geode Capital Management LLC lifted its stake in shares of Westrock Coffee by 5.7% during 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 in the last quarter. State Street Corp raised its holdings in shares of Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company's stock valued at $4,222,000 after buying an additional 12,937 shares during the period. Repertoire Partners LP acquired a new position in Westrock Coffee during the 3rd quarter worth approximately $650,000. NFC Investments LLC boosted its holdings in Westrock Coffee by 17.0% in the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company's stock worth $26,286,000 after acquiring an additional 588,160 shares during the period. Finally, Atom Investors LP acquired a new stake in Westrock Coffee in the third quarter valued at approximately $70,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WEST has been the topic of a number of recent research reports. Truist Financial began coverage on shares of Westrock Coffee in a research report on Monday, October 7th. They set a "buy" rating and a $10.00 target price on the stock. Craig Hallum started coverage on shares of Westrock Coffee in a research report on Monday, September 23rd. They issued a "buy" rating and a $13.00 price objective for the company. Finally, Telsey Advisory Group lowered their target price on 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 Stock Up 1.0 %

WEST stock traded up $0.06 during mid-day trading on Friday, hitting $6.32. 168,272 shares of the company were exchanged, compared to its average volume of 294,705. The company has a market capitalization of $595.28 million, a PE ratio of -7.35 and a beta of 0.55. The firm has a fifty day simple moving average of $6.89 and a 200 day simple moving average of $7.65. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $11.21.

Insider Activity at Westrock Coffee

In other news, Director Kenneth M. Parent bought 62,735 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of $8.07 per share, for a total transaction of $506,271.45. Following the transaction, the director now owns 112,451 shares in the company, valued at $907,479.57. The trade was a 126.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 42.10% of the stock is owned by corporate insiders.

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.