Westrock Coffee Shares Dip Amid Investor Sell-Off

Westrock Coffee Shares Dip Amid Investor Sell-Off

Principal Street Partners LLC significantly reduced its investment in Westrock Coffee, selling 49.6% of its stake during the fourth quarter, as detailed in the latest 13F filing with the SEC. This sale left the firm with 195,800 shares, valued at approximately $1,999,000. This move reflects broader trends as other institutional investors adjusted their holdings, with some like Raymond James & Associates and Bank of New York Mellon Corp increasing their positions, while others remained more cautious. Analysts remain optimistic, however, with firms like Telsey Advisory Group and Benchmark reiterating strong ratings and raising target prices for Westrock Coffee stock, suggesting potential growth despite current market volatility.

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