Quest Partners LLC Raises Stake in Westrock Coffee (NASDAQ:WEST)

Quest Partners LLC lifted its position in shares of Westrock Coffee (NASDAQ:WEST) by 32,869.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,663 shares of the company’s stock after buying an additional 60,479 shares during the quarter. Quest Partners LLC’s holdings in Westrock Coffee were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC raised its holdings in Westrock Coffee by 81.9% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 4,547 shares of the company’s stock valued at $30,000 after acquiring an additional 2,047 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Westrock Coffee by 69.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,520 shares of the company’s stock valued at $35,000 after purchasing an additional 1,444 shares during the last quarter. ProShare Advisors LLC purchased a new position in Westrock Coffee during the second quarter worth about $39,000. Wolverine Asset Management LLC boosted its stake in Westrock Coffee by 79.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 4,100 shares of the company’s stock worth $42,000 after buying an additional 1,820 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Westrock Coffee by 637.3% in the 3rd quarter. Blue Trust Inc. now owns 11,126 shares of the company’s stock valued at $72,000 after buying an additional 9,617 shares during the period. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Trading Up 7.3 %

NASDAQ WEST opened at $7.89 on Monday. The firm has a market capitalization of $743.16 million, a price-to-earnings ratio of -9.17 and a beta of 0.38. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. Westrock Coffee has a one year low of $5.28 and a one year high of $11.21. The company’s 50 day moving average price is $6.74 and its 200 day moving average price is $8.64.

Insider Transactions at Westrock Coffee

In related news, Director Joe T. Ford bought 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $6.97 per share, for a total transaction of $34,850.00. Following the completion of the purchase, the director now owns 249,445 shares in the company, valued at $1,738,631.65. This represents a 2.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 11,092 shares of company stock valued at $81,546 over the last 90 days. Corporate insiders own 42.10% of the company’s stock.

Analyst Upgrades and Downgrades

WEST has been the topic of several recent analyst reports. Craig Hallum assumed coverage on shares of Westrock Coffee in a report on Monday, September 23rd. They set a “buy” rating and a $13.00 price objective on the stock. Telsey Advisory Group cut their price target on shares of Westrock Coffee from $14.00 to $10.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Truist Financial began coverage on shares of Westrock Coffee in a research note on Monday, October 7th. They set a “buy” rating and a $10.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $11.40.

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.