Westrock Coffee (NASDAQ:WEST) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Westrock Coffee (NASDAQ:WEST) by 68.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,251 shares of the company’s stock after selling 32,473 shares during the quarter. Jane Street Group LLC’s holdings in Westrock Coffee were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Westrock Coffee by 69.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock valued at $35,000 after buying an additional 1,444 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its position in Westrock Coffee by 81.9% during the third 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 period. The Manufacturers Life Insurance Company raised its position in Westrock Coffee by 15.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,050 shares of the company’s stock worth $154,000 after acquiring an additional 2,070 shares during the period. Stephens Inc. AR lifted its holdings in Westrock Coffee by 1.7% during the third quarter. Stephens Inc. AR now owns 152,717 shares of the company’s stock valued at $993,000 after purchasing an additional 2,500 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Westrock Coffee in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Insider Buying and Selling at Westrock Coffee

In related news, Director Kenneth M. Parent bought 62,735 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was bought 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 $907,479.57. This represents a 126.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 42.10% of the stock is owned by insiders.

Westrock Coffee Stock Performance

NASDAQ:WEST opened at $6.28 on Wednesday. The company has a market cap of $591.50 million, a P/E ratio of -7.30 and a beta of 0.55. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $11.21. The company’s 50-day moving average price is $6.96 and its 200-day moving average price is $7.73. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Analyst Ratings Changes

Several research analysts recently weighed in on WEST shares. 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 price target for the company. Telsey Advisory Group reduced 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. Finally, Craig Hallum assumed coverage on Westrock Coffee in a research note on Monday, September 23rd. They issued a “buy” rating and a $13.00 price target on the stock.

About Westrock Coffee

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.