738,847 Shares in Westrock Coffee Company $WEST Acquired by Agman Capital LLC

Agman Capital LLC purchased a new position in shares of Westrock Coffee Company (NASDAQ:WEST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 738,847 shares of the company's stock, valued at approximately $3,007,000. Westrock Coffee makes up 2.6% of Agman Capital LLC's holdings, making the stock its 16th biggest holding. Agman Capital LLC owned about 0.76% of Westrock Coffee at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WEST. AQR Capital Management LLC acquired a new stake in shares of Westrock Coffee in the 1st quarter valued at $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock valued at $154,000 after purchasing an additional 2,003 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Westrock Coffee by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company's stock valued at $284,000 after purchasing an additional 3,723 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock valued at $36,000 after purchasing an additional 4,136 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Westrock Coffee in the 2nd quarter valued at $104,000. Institutional investors and hedge funds own 45.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WEST shares. Telsey Advisory Group raised their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Weiss Ratings raised Westrock Coffee from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, May 7th. Benchmark raised their target price on Westrock Coffee from $8.00 to $10.00 and gave the company a "buy" rating in a report on Monday, May 11th. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 price target on Westrock Coffee in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Westrock Coffee currently has an average rating of "Hold" and a consensus target price of $9.00.

Westrock Coffee Stock Up 0.1%

Shares of WEST opened at $9.50 on Friday. The company has a market capitalization of $920.35 million, a PE ratio of -12.67 and a beta of 0.90. Westrock Coffee Company has a 12 month low of $3.59 and a 12 month high of $9.81. The stock's 50-day moving average price is $6.86 and its two-hundred day moving average price is $5.24. The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.09. The firm had revenue of $308.83 million for the quarter, compared to the consensus estimate of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. On average, analysts anticipate that Westrock Coffee Company will post -0.18 EPS for the current year.

Insider Buying and Selling

In related news, Director Joe T. Ford bought 55,000 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were purchased at an average cost of $4.60 per share, with a total value of $253,000.00. Following the acquisition, the director owned 533,916 shares of the company's stock, valued at $2,456,013.60. This represents a 11.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 89,500 shares of company stock worth $543,715. 25.40% of the stock is currently owned by insiders.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.

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