Westrock Coffee (NASDAQ:WEST) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Westrock Coffee (NASDAQ:WEST) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,879 shares of the company’s stock after selling 4,036 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Westrock Coffee were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Gilliland Jeter Wealth Management LLC boosted 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 purchasing an additional 2,047 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $35,000 after buying an additional 1,444 shares during the period. ProShare Advisors LLC acquired a new position in shares of Westrock Coffee during the 2nd quarter worth approximately $39,000. Wolverine Asset Management LLC lifted its position in shares of Westrock Coffee by 79.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock valued at $42,000 after buying an additional 1,820 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Westrock Coffee in the 3rd quarter valued at $71,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Westrock Coffee news, Director Kenneth M. Parent purchased 62,735 shares of the stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $506,271.45. Following the acquisition, the director now owns 112,451 shares in the company, valued at $907,479.57. This trade represents a 126.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.10% of the stock is owned by insiders.

Westrock Coffee Trading Down 1.9 %

Shares of WEST stock opened at $6.28 on Friday. 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. The company’s 50-day moving average price is $7.11 and its 200-day moving average price is $8.19. The stock has a market cap of $591.50 million, a price-to-earnings ratio of -7.30 and a beta of 0.49.

Analysts Set New Price Targets

WEST has been the subject of a number of research analyst reports. Truist Financial assumed coverage on shares of Westrock Coffee in a research report on Monday, October 7th. They set a “buy” rating and a $10.00 price objective for the company. Telsey Advisory Group cut their price objective on shares of 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 started coverage on Westrock Coffee in a report on Monday, September 23rd. They set a “buy” rating and a $13.00 target price on the stock.

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.