Axar Capital Management Exits Position in Westmoreland Coal Company (WLB)

Westmoreland Coal Company (WLB) : Axar Capital Management has sold out all of its stake in Westmoreland Coal Company during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 280,000 shares of Westmoreland Coal Company which is valued at $2.2 Million.

Other Hedge Funds, Including , Highlander Capital Management sold out all of its stake in WLB during the most recent quarter. The investment firm sold 1,000 shares of WLB which is valued $7,830.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. Tiaa Cref Investment Management sold out all of its stake in WLB during the most recent quarter. The investment firm sold 78,102 shares of WLB which is valued $533,437.

Westmoreland Coal Company closed down -0.25 points or -3.19% at $7.58 with 2,42,807 shares getting traded on Monday. Post opening the session at $7.95, the shares hit an intraday low of $7.33 and an intraday high of $7.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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