Parametric Portfolio Associates LLC purchased a new stake in West Marine, Inc. (NASDAQ:WMAR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,361 shares of the specialty retailer’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMAR. American International Group Inc. grew its position in shares of West Marine by 7.1% in the first quarter. American International Group Inc. now owns 11,350 shares of the specialty retailer’s stock valued at $108,000 after purchasing an additional 753 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of West Marine by 15.9% in the first quarter. TIAA CREF Investment Management LLC now owns 98,507 shares of the specialty retailer’s stock valued at $940,000 after purchasing an additional 13,479 shares in the last quarter. California Public Employees Retirement System grew its position in shares of West Marine by 45.6% in the first quarter. California Public Employees Retirement System now owns 51,100 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 16,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of West Marine by 11.6% in the first quarter. Vanguard Group Inc. now owns 616,623 shares of the specialty retailer’s stock valued at $5,883,000 after purchasing an additional 63,870 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of West Marine by 2.2% in the first quarter. Geode Capital Management LLC now owns 131,639 shares of the specialty retailer’s stock valued at $1,255,000 after purchasing an additional 2,783 shares in the last quarter. Institutional investors own 57.93% of the company’s stock.

West Marine, Inc. (NASDAQ WMAR) opened at $12.97 on Friday. West Marine, Inc. has a 52-week low of $7.77 and a 52-week high of $13.01.

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

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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.

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

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