25,000 Shares in Westrock Coffee (NASDAQ:WEST) Bought by AM Investment Strategies LLC

AM Investment Strategies LLC acquired a new position in shares of Westrock Coffee (NASDAQ:WEST) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WEST. First Horizon Advisors Inc. purchased a new position in Westrock Coffee during the third quarter worth $25,000. Gladius Capital Management LP purchased a new position in Westrock Coffee during the third quarter worth $29,000. Asset Advisors Investment Management LLC purchased a new stake in shares of Westrock Coffee in the third quarter valued at $89,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Westrock Coffee by 24.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,151 shares of the company’s stock valued at $90,000 after purchasing an additional 2,018 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Westrock Coffee in the third quarter valued at $98,000. 45.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WEST shares. Telsey Advisory Group lifted their price objective on Westrock Coffee from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Benchmark lifted their price objective on Westrock Coffee from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.

Westrock Coffee Stock Down 0.6 %

Shares of WEST traded down $0.06 during midday trading on Thursday, reaching $9.93. 100,197 shares of the company were exchanged, compared to its average volume of 179,267. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. Westrock Coffee has a 1-year low of $6.88 and a 1-year high of $12.41. The stock has a 50-day moving average price of $10.00 and a 200-day moving average price of $9.64. The company has a market cap of $874.14 million, a price-to-earnings ratio of -17.73 and a beta of 0.46.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $214.97 million during the quarter, compared to the consensus estimate of $222.20 million. Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. Research analysts expect that Westrock Coffee will post -0.05 earnings per share for the current year.

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.