Teachers Advisors LLC grew its stake in shares of West Marine, Inc. (NASDAQ:WMAR) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,969 shares of the specialty retailer’s stock after buying an additional 674 shares during the period. Teachers Advisors LLC owned 0.14% of West Marine worth $449,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. purchased a new stake in West Marine in the second quarter worth approximately $4,706,000. Kassirer Asset Management Corp purchased a new stake in West Marine in the second quarter worth approximately $1,928,000. Dupont Capital Management Corp purchased a new stake in West Marine in the second quarter worth approximately $1,646,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in West Marine in the second quarter worth approximately $993,000. Finally, Vanguard Group Inc. boosted its stake in West Marine by 11.6% in the first quarter. Vanguard Group Inc. now owns 616,623 shares of the specialty retailer’s stock worth $5,883,000 after buying an additional 63,870 shares in the last quarter. Hedge funds and other institutional investors own 57.93% of the company’s stock.
Shares of West Marine, Inc. (NASDAQ WMAR) opened at $12.97 on Monday. West Marine, Inc. has a 52 week low of $7.77 and a 52 week high of $13.01.
WMAR has been the subject of several research reports. BidaskClub lowered West Marine from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. B. Riley lowered West Marine to a “neutral” rating and set a $12.97 price objective for the company. in a research note on Sunday, July 16th.
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West Marine Company Profile
West Marine, Inc is a waterlife outfitter for cruisers, sailors, anglers and paddlesports enthusiasts. The Company offers a selection of core boating and water recreation products, primarily serving the needs of boat owners and professionals providing services to them. It services its customers through physical stores and two e-commerce Websites.
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