Vanguard Group Inc. Has $8.04 Million Stake in West Marine, Inc. (WMAR)

Vanguard Group Inc. raised its holdings in shares of West Marine, Inc. (NASDAQ:WMAR) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 625,851 shares of the specialty retailer’s stock after acquiring an additional 9,228 shares during the quarter. Vanguard Group Inc. owned approximately 2.49% of West Marine worth $8,043,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. American International Group Inc. boosted its position in shares of West Marine by 7.1% during the 1st quarter. American International Group Inc. now owns 11,350 shares of the specialty retailer’s stock worth $108,000 after acquiring an additional 753 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of West Marine in the 2nd quarter valued at about $220,000. JPMorgan Chase & Co. boosted its position in shares of West Marine by 54.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,325 shares of the specialty retailer’s stock valued at $248,000 after purchasing an additional 6,774 shares during the period. Russell Investments Group Ltd. boosted its position in shares of West Marine by 155.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,806 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 13,892 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of West Marine in the 2nd quarter valued at about $322,000. 57.93% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub cut West Marine from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th.

Shares of West Marine, Inc. (WMAR) opened at $12.97 on Friday. West Marine, Inc. has a 1 year low of $7.77 and a 1 year high of $13.01.

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West Marine 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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Institutional Ownership by Quarter for West Marine (NASDAQ:WMAR)

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