Charles Schwab Investment Management Inc. Has $1.83 Million Position in Westrock Coffee (NASDAQ:WEST)

Charles Schwab Investment Management Inc. lifted its stake in shares of Westrock Coffee (NASDAQ:WEST) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 284,653 shares of the company’s stock after purchasing an additional 2,010 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.30% of Westrock Coffee worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. NFC Investments LLC increased its position in Westrock Coffee by 17.0% during the 3rd quarter. NFC Investments LLC now owns 4,044,207 shares of the company’s stock valued at $26,286,000 after purchasing an additional 588,160 shares during the period. Repertoire Partners LP acquired a new stake in shares of Westrock Coffee in the 3rd quarter worth about $650,000. Stephens Inc. AR boosted its position in shares of Westrock Coffee by 54.8% during the fourth quarter. Stephens Inc. AR now owns 236,364 shares of the company’s stock valued at $1,517,000 after buying an additional 83,647 shares during the last quarter. Barclays PLC raised its holdings in shares of Westrock Coffee by 363.9% in the third quarter. Barclays PLC now owns 57,357 shares of the company’s stock valued at $373,000 after purchasing an additional 44,993 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Westrock Coffee by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company’s stock worth $5,242,000 after buying an additional 43,731 shares in the last quarter. Institutional investors and hedge funds own 45.08% of the company’s stock.

Insiders Place Their Bets

In other Westrock Coffee news, COO William A. Ford acquired 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 476,190 shares in the company, valued at $3,071,425.50. This represents a 3.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.10% of the stock is currently owned by insiders.

Westrock Coffee Stock Down 2.3 %

Shares of NASDAQ WEST opened at $7.08 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. Westrock Coffee has a one year low of $5.28 and a one year high of $10.99. The firm’s 50 day simple moving average is $6.60 and its two-hundred day simple moving average is $6.74. The stock has a market capitalization of $667.13 million, a P/E ratio of -8.23 and a beta of 0.59.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $9.00 price objective on shares of Westrock Coffee in a report on Wednesday, March 12th. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Westrock Coffee in a research note on Friday, March 14th.

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.