Cerity Partners LLC Takes $114,000 Position in Westrock Coffee (NASDAQ:WEST)

Cerity Partners LLC acquired a new position in Westrock Coffee (NASDAQ:WEST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,175 shares of the company’s stock, valued at approximately $114,000.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of Westrock Coffee during the 3rd quarter valued at $25,000. Gladius Capital Management LP acquired a new position in Westrock Coffee during the third quarter worth about $29,000. Asset Advisors Investment Management LLC acquired a new position in Westrock Coffee during the third quarter worth about $89,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Westrock Coffee by 24.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,151 shares of the company’s stock worth $90,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in Westrock Coffee in the 3rd quarter valued at about $98,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Trading Down 1.1 %

NASDAQ:WEST opened at $10.14 on Wednesday. The stock has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $9.69. The firm has a market capitalization of $892.62 million, a price-to-earnings ratio of -18.11 and a beta of 0.46. Westrock Coffee has a 1-year low of $6.88 and a 1-year high of $12.37. The company has a quick ratio of 0.68, a current ratio of 1.31 and a debt-to-equity ratio of 1.96.

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

Wall Street Analyst Weigh In

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

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.