Russell Investments Group Ltd. purchased a new position in shares of Westmoreland Coal Company (NASDAQ:WLB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 105,455 shares of the company’s stock, valued at approximately $1,925,000.
Other large investors have also recently added to or reduced their stakes in the company. Monarch Partners Asset Management LLC raised its stake in Westmoreland Coal Company by 11.9% in the third quarter. Monarch Partners Asset Management LLC now owns 23,490 shares of the company’s stock worth $208,000 after buying an additional 2,500 shares in the last quarter. Wells Fargo & Company MN raised its stake in Westmoreland Coal Company by 216.9% in the third quarter. Wells Fargo & Company MN now owns 15,879 shares of the company’s stock worth $141,000 after buying an additional 10,869 shares in the last quarter. Gendell Jeffrey L raised its stake in Westmoreland Coal Company by 1.3% in the third quarter. Gendell Jeffrey L now owns 1,205,836 shares of the company’s stock worth $10,683,000 after buying an additional 15,000 shares in the last quarter. Strs Ohio purchased a new stake in Westmoreland Coal Company during the third quarter worth about $379,000. Finally, Spark Investment Management LLC purchased a new stake in Westmoreland Coal Company during the third quarter worth about $653,000. Institutional investors and hedge funds own 68.77% of the company’s stock.
Shares of Westmoreland Coal Company (NASDAQ:WLB) opened at 14.07 on Friday. The firm’s market cap is $261.28 million. Westmoreland Coal Company has a 12-month low of $6.14 and a 12-month high of $19.92. The stock’s 50 day moving average is $14.99 and its 200-day moving average is $14.11.
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Separately, Zacks Investment Research lowered shares of Westmoreland Coal Company from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.56.
About Westmoreland Coal Company
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP (WMLP), Power, Heritage and Corporate. Coal – U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico.
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