Legacy Capital Wealth Partners LLC Decreases Holdings in Westrock Coffee (NASDAQ:WEST)

Legacy Capital Wealth Partners LLC reduced its stake in shares of Westrock Coffee (NASDAQ:WEST) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,165 shares of the company’s stock after selling 10,289 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Westrock Coffee were worth $168,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WEST. Gilliland Jeter Wealth Management LLC raised its position in shares of Westrock Coffee by 81.9% during the 3rd 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 during the last quarter. Atom Investors LP acquired a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $70,000. Intech Investment Management LLC acquired a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $71,000. Blue Trust Inc. raised its position in shares of Westrock Coffee by 637.3% during the 3rd quarter. Blue Trust Inc. now owns 11,126 shares of the company’s stock worth $72,000 after purchasing an additional 9,617 shares during the last quarter. Finally, Summit Asset Management LLC acquired a new position in shares of Westrock Coffee during the 3rd quarter worth approximately $86,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Westrock Coffee Trading Down 4.5 %

Shares of WEST opened at $6.39 on Tuesday. The stock has a fifty day moving average of $6.59 and a two-hundred day moving average of $7.18. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.73 and a current ratio of 1.39. The company has a market capitalization of $601.87 million, a PE ratio of -7.43 and a beta of 0.57. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $11.21.

Insider Buying and Selling at Westrock Coffee

In other Westrock Coffee news, Director Kenneth M. Parent purchased 62,735 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was bought 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 of the company’s stock, valued at approximately $907,479.57. The trade was a 126.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 42.10% of the stock is currently owned by insiders.

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.