Legal & General Group Plc Sells 1,836 Shares of Westrock Coffee (NASDAQ:WEST)

Legal & General Group Plc lowered its stake in Westrock Coffee (NASDAQ:WEST) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,062 shares of the company’s stock after selling 1,836 shares during the quarter. Legal & General Group Plc’s holdings in Westrock Coffee were worth $180,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WEST. KLP Kapitalforvaltning AS bought a new stake in shares of Westrock Coffee during the fourth quarter valued at approximately $47,000. Virtu Financial LLC acquired a new position in Westrock Coffee during the fourth quarter worth $83,000. Envestnet Asset Management Inc. bought a new position in shares of Westrock Coffee in the fourth quarter valued at $95,000. First Horizon Advisors Inc. bought a new position in shares of Westrock Coffee in the fourth quarter valued at $96,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Westrock Coffee by 47.6% during the fourth quarter. Wells Fargo & Company MN now owns 16,332 shares of the company’s stock valued at $105,000 after buying an additional 5,264 shares during the last quarter. Institutional investors own 45.08% of the company’s stock.

Insiders Place Their Bets

In other news, COO William A. Ford bought 15,000 shares of the stock in a transaction on 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 completion of the purchase, the chief operating officer now directly owns 476,190 shares in the company, valued at $3,071,425.50. This represents a 3.25 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WEST shares. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Westrock Coffee in a research report on Wednesday, April 16th. Telsey Advisory Group restated an “outperform” rating and set a $9.00 price objective on shares of Westrock Coffee in a research note on Wednesday, March 12th. Finally, Stifel Nicolaus reduced their target price on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $10.40.

Westrock Coffee Stock Up 2.1 %

Shares of NASDAQ:WEST opened at $5.92 on Friday. Westrock Coffee has a 1 year low of $5.28 and a 1 year high of $10.99. The company has a market capitalization of $557.83 million, a PE ratio of -6.88 and a beta of 0.47. The business has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $6.63. 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 Company 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.