Silverleafe Capital Partners LLC Decreases Stake in Westrock Coffee Company $WEST

Silverleafe Capital Partners LLC cut its holdings in shares of Westrock Coffee Company (NASDAQ:WEST) by 79.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 968,217 shares of the company’s stock after selling 3,748,488 shares during the period. Westrock Coffee comprises about 2.1% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 16th biggest holding. Silverleafe Capital Partners LLC’s holdings in Westrock Coffee were worth $7,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AQR Capital Management LLC acquired a new position in shares of Westrock Coffee in the first quarter worth about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Westrock Coffee by 10.4% during 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 increased its holdings in Westrock Coffee by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 49,510 shares of the company’s stock worth $284,000 after purchasing an additional 3,723 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after purchasing an additional 4,136 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Westrock Coffee in the 2nd quarter valued at approximately $104,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Westrock Coffee Stock Up 1.8%

Shares of Westrock Coffee stock opened at $8.27 on Tuesday. The business has a 50-day moving average price of $8.08 and a 200 day moving average price of $6.24. Westrock Coffee Company has a fifty-two week low of $3.59 and a fifty-two week high of $10.19. The firm has a market cap of $801.20 million, a P/E ratio of -11.03 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $308.83 million for the quarter, compared to the consensus estimate of $285.12 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. As a group, equities research analysts anticipate that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Activity

In other news, Director Joe T. Ford purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $8.50 per share, with a total value of $127,500.00. Following the transaction, the director owned 273,000 shares in the company, valued at approximately $2,320,500. The trade was a 5.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders purchased 34,500 shares of company stock worth $290,715. Corporate insiders own 25.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WEST shares. Telsey Advisory Group increased their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Stifel Nicolaus set a $8.00 price target on shares of Westrock Coffee in a research note on Friday, May 8th. Weiss Ratings raised shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Benchmark increased their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

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.