Quantinno Capital Management LP Lowers Stake in Westrock Coffee Company $WEST

Quantinno Capital Management LP lessened its position in Westrock Coffee Company (NASDAQ:WEST) by 44.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,721 shares of the company’s stock after selling 71,946 shares during the period. Quantinno Capital Management LP’s holdings in Westrock Coffee were worth $386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Door Wealth Management LLC boosted its position in Westrock Coffee by 7.7% during the first quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock worth $119,000 after acquiring an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 worth $154,000 after acquiring an additional 2,003 shares during the period. MetLife Investment Management LLC raised its holdings in Westrock Coffee by 14.9% in the 4th quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock valued at $85,000 after acquiring an additional 2,704 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Westrock Coffee by 10.1% in the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock valued at $154,000 after acquiring an additional 2,900 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after purchasing an additional 3,439 shares during the period. Hedge funds and other institutional investors own 45.08% of the company’s stock.

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 $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday. Benchmark increased their target price on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $9.00 price target on Westrock Coffee in a research note on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Three equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Westrock Coffee Stock Up 0.4%

Shares of NASDAQ WEST opened at $8.32 on Friday. The stock has a market capitalization of $812.28 million, a PE ratio of -12.61 and a beta of 0.90. The firm has a fifty day moving average of $8.10 and a 200-day moving average of $6.58. Westrock Coffee Company has a 52-week low of $3.59 and a 52-week high of $10.19.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 4.88%.The firm had revenue of $305.66 million during the quarter, compared to analysts’ expectations of $318.80 million. Equities research analysts expect that Westrock Coffee Company will post -0.22 EPS for the current fiscal year.

Westrock Coffee Profile

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.