Federated Investors Inc. PA boosted its position in Westmoreland Coal Company (NASDAQ:WLB) by 26.2% during the fourth quarter, Holdings Channel reports. The fund owned 18,300 shares of the company’s stock after buying an additional 3,804 shares during the period. Federated Investors Inc. PA’s holdings in Westmoreland Coal Company were worth $323,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Oxford Asset Management boosted its position in Westmoreland Coal Company by 244.2% in the fourth quarter. Oxford Asset Management now owns 250,043 shares of the company’s stock worth $4,418,000 after buying an additional 177,407 shares during the period. Russell Investments Group Ltd. bought a new position in Westmoreland Coal Company during the fourth quarter worth $1,925,000. Spark Investment Management LLC bought a new position in Westmoreland Coal Company during the third quarter worth $653,000. Van ECK Associates Corp bought a new position in Westmoreland Coal Company during the fourth quarter worth $1,102,000. Finally, State Street Corp boosted its position in Westmoreland Coal Company by 8.4% in the fourth quarter. State Street Corp now owns 302,768 shares of the company’s stock worth $5,353,000 after buying an additional 23,400 shares during the period. Institutional investors own 68.77% of the company’s stock.
Westmoreland Coal Company (NASDAQ:WLB) opened at 14.37 on Tuesday. The stock has a 50 day moving average price of $14.88 and a 200-day moving average price of $14.19. The firm’s market capitalization is $266.85 million. Westmoreland Coal Company has a 12-month low of $6.14 and a 12-month high of $19.92.
Separately, Zacks Investment Research cut Westmoreland Coal Company from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.56.
Westmoreland Coal Company Company Profile
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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