Geode Capital Management LLC boosted its position in shares of Westmoreland Coal Company (NASDAQ:WLB) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,882 shares of the coal producer’s stock after buying an additional 656 shares during the period. Geode Capital Management LLC owned approximately 0.86% of Westmoreland Coal worth $2,320,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in Westmoreland Coal by 414.3% in the first quarter. American Century Companies Inc. now owns 266,468 shares of the coal producer’s stock worth $3,869,000 after buying an additional 214,655 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Westmoreland Coal during the first quarter worth approximately $2,589,000. Cornerstone Capital Management Holdings LLC. boosted its position in Westmoreland Coal by 126.2% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 173,718 shares of the coal producer’s stock worth $2,522,000 after buying an additional 96,918 shares during the last quarter. Acadian Asset Management LLC boosted its position in Westmoreland Coal by 119.2% in the first quarter. Acadian Asset Management LLC now owns 140,996 shares of the coal producer’s stock worth $2,048,000 after buying an additional 76,677 shares during the last quarter. Finally, TFS Capital LLC bought a new position in Westmoreland Coal during the first quarter worth approximately $1,015,000. 74.65% of the stock is owned by hedge funds and other institutional investors.

Westmoreland Coal Company (NASDAQ WLB) traded up 4.67% on Friday, reaching $2.24. 333,064 shares of the company’s stock were exchanged. The company’s market capitalization is $41.98 million. The company has a 50 day moving average price of $3.48 and a 200-day moving average price of $8.94. Westmoreland Coal Company has a 1-year low of $1.88 and a 1-year high of $19.92.

Westmoreland Coal (NASDAQ:WLB) last issued its earnings results on Thursday, August 3rd. The coal producer reported ($2.69) earnings per share for the quarter, missing the consensus estimate of ($1.58) by $1.11. The business had revenue of $323.03 million during the quarter, compared to the consensus estimate of $320.85 million. On average, equities research analysts anticipate that Westmoreland Coal Company will post ($4.32) earnings per share for the current year.

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A number of research analysts have commented on WLB shares. FBR & Co upped their target price on shares of Westmoreland Coal from $8.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. ValuEngine cut shares of Westmoreland Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Westmoreland Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, BMO Capital Markets cut shares of Westmoreland Coal from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $18.00 to $5.00 in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Westmoreland Coal has an average rating of “Hold” and an average target price of $11.00.

Westmoreland Coal Company Profile

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

Institutional Ownership by Quarter for Westmoreland Coal (NASDAQ:WLB)

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