Blue Trust Inc. Decreases Position in Westrock Coffee (NASDAQ:WEST)

Blue Trust Inc. reduced its position in shares of Westrock Coffee (NASDAQ:WEST) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,636 shares of the company’s stock after selling 3,490 shares during the period. Blue Trust Inc.’s holdings in Westrock Coffee were worth $49,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atom Investors LP acquired a new stake in shares of Westrock Coffee in the third quarter worth approximately $70,000. Intech Investment Management LLC purchased a new position in Westrock Coffee during the third quarter worth approximately $71,000. Summit Asset Management LLC acquired a new stake in shares of Westrock Coffee in the 3rd quarter worth $86,000. Arvest Bank Trust Division acquired a new position in shares of Westrock Coffee during the 3rd quarter valued at about $115,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Westrock Coffee during the 3rd quarter worth approximately $121,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Westrock Coffee Stock Down 1.6 %

NASDAQ:WEST opened at $6.02 on Wednesday. Westrock Coffee has a 52 week low of $5.28 and a 52 week high of $10.99. The stock’s fifty day moving average is $6.49 and its two-hundred day moving average is $7.05. The stock has a market capitalization of $567.01 million, a price-to-earnings ratio of -7.00 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 3.41.

Insider Activity at Westrock Coffee

In other Westrock Coffee news, Director Kenneth M. Parent acquired 62,735 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $8.07 per share, for a total transaction of $506,271.45. Following the completion of the acquisition, the director now owns 112,451 shares of the company’s stock, valued at approximately $907,479.57. This trade represents a 126.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 42.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group decreased their price objective on Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

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.