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

Barclays PLC raised its stake in shares of Westrock Coffee (NASDAQ:WEST) by 363.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,357 shares of the company’s stock after acquiring an additional 44,993 shares during the period. Barclays PLC owned approximately 0.06% of Westrock Coffee worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its position 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 worth $4,222,000 after purchasing an additional 12,937 shares during the period. Repertoire Partners LP acquired a new position in Westrock Coffee during the third quarter worth $650,000. NFC Investments LLC boosted its position in shares of Westrock Coffee by 17.0% during the third quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock worth $26,286,000 after buying an additional 588,160 shares during the period. Atom Investors LP acquired a new stake in shares of Westrock Coffee in the third quarter valued at $70,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Westrock Coffee in the 3rd quarter valued at $121,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Westrock Coffee

In other news, Director Kenneth M. Parent acquired 62,735 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $8.07 per share, with a total value of $506,271.45. Following the transaction, the director now owns 112,451 shares in the company, valued at approximately $907,479.57. This trade represents a 126.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.10% of the company’s stock.

Westrock Coffee Trading Up 3.8 %

WEST opened at $6.59 on Friday. The business has a fifty day moving average price of $7.04 and a 200 day moving average price of $7.95. 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 12 month low of $5.28 and a 12 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.

Analyst Ratings Changes

WEST has been the subject of a number of research analyst reports. 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 report on Friday, November 8th. Craig Hallum began coverage on shares of Westrock Coffee in a research note on Monday, September 23rd. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Truist Financial began coverage on shares of Westrock Coffee in a report on Monday, October 7th. They issued a “buy” rating and a $10.00 price objective for the company.

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.