potrero capital research llc Acquires 42,029 Shares of West Marine, Inc. (WMAR)
potrero capital research llc boosted its holdings in shares of West Marine, Inc. (NASDAQ:WMAR) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,673 shares of the specialty retailer’s stock after buying an additional 42,029 shares during the period. West Marine comprises 2.4% of potrero capital research llc’s portfolio, making the stock its 19th largest holding. potrero capital research llc owned approximately 0.79% of West Marine worth $2,553,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. American International Group Inc. boosted its stake in West Marine by 7.1% during the first quarter. American International Group Inc. now owns 11,350 shares of the specialty retailer’s stock worth $108,000 after buying an additional 753 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in West Marine during the second quarter worth $159,000. Hancock Holding Co. acquired a new stake in West Marine during the first quarter worth $186,000. Alliancebernstein L.P. acquired a new stake in West Marine during the second quarter worth $220,000. Finally, JPMorgan Chase & Co. boosted its stake in West Marine by 54.0% during the second quarter. JPMorgan Chase & Co. now owns 19,325 shares of the specialty retailer’s stock worth $248,000 after buying an additional 6,774 shares in the last quarter. Hedge funds and other institutional investors own 57.93% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “potrero capital research llc Acquires 42,029 Shares of West Marine, Inc. (WMAR)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/potrero-capital-research-llc-acquires-42029-shares-of-west-marine-inc-wmar/1585346.html.
A number of equities research analysts have weighed in on WMAR shares. BidaskClub upgraded shares of West Marine from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Forward View upgraded shares of West Marine from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of West Marine from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, B. Riley downgraded shares of West Marine to a “neutral” rating and set a $12.97 price target on the stock. in a research note on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.32.
Shares of West Marine, Inc. (NASDAQ:WMAR) traded up 0.039% on Friday, hitting $12.965. The company’s stock had a trading volume of 260,082 shares. The firm has a market cap of $327.74 million, a price-to-earnings ratio of 41.028 and a beta of 1.31. The stock’s 50-day moving average price is $12.93 and its 200-day moving average price is $10.98. West Marine, Inc. has a 52 week low of $7.77 and a 52 week high of $13.01.
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.
Want to see what other hedge funds are holding WMAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Marine, Inc. (NASDAQ:WMAR).
Receive News & Ratings for West Marine Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Marine Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.