Stonehill Capital Management buys $812,253 stake in Westmoreland Coal Company (WLB)

Westmoreland Coal Company (WLB) : Stonehill Capital Management scooped up 26,040 additional shares in Westmoreland Coal Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 103,736 shares of Westmoreland Coal Company which is valued at $812,253.Westmoreland Coal Company makes up approximately 0.44% of Stonehill Capital Management’s portfolio.

Other Hedge Funds, Including , Contrarian Capital Management L.l.c. sold out all of its stake in WLB during the most recent quarter. The investment firm sold 58,431 shares of WLB which is valued $457,515. Landscape Capital Management L.l.c. sold out all of its stake in WLB during the most recent quarter. The investment firm sold 36,839 shares of WLB which is valued $288,449.Blackrock Advisors boosted its stake in WLB in the latest quarter, The investment management firm added 1,753 additional shares and now holds a total of 9,487 shares of Westmoreland Coal Company which is valued at $74,283.Blackrock Institutional Trust Company N.a. reduced its stake in WLB by selling 860 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 553,250 shares of WLB which is valued at $4.3 Million.

Westmoreland Coal Company opened for trading at $7.87 and hit $8.435 on the upside on Wednesday, eventually ending the session at $8.41, with a gain of 7.41% or 0.58 points. The heightened volatility saw the trading volume jump to 5,28,132 shares. Company has a market cap of $156 M.

Westmoreland Coal Company (Westmoreland) is an energy company. The Company operates in six segments: Coal – U.S. Coal – Canada Coal – WMLP Power Heritage and Corporate. Coal – U.S. segment includes the aggregated operations of coal mines located in Wyoming Montana North Dakota and Texas. Coal – Canada segment includes the aggregated operations of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the operations of the Company’s ownership in the general partner and majority interest in Westmoreland Resource Partners LP (WMLP) a publicly-traded coal master limited partnership. Power segment includes its ROVA operations located in North Carolina. Heritage segment costs primarily include benefits the Company provides to former mining operation employees as well as other administrative costs associated with providing those benefits and cost containment efforts. Corporate segment primarily consists of corporate administrative expenses.

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