Chou Associates Management adds Westmoreland Coal Company (WLB) to its portfolio

Westmoreland Coal Company (WLB) : Chou Associates Management added new position in Westmoreland Coal Company during the most recent quarter end. The investment management firm now holds 2,523,000 shares of Westmoreland Coal Company which is valued at $19.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Westmoreland Coal Company makes up approximately 7.60% of Chou Associates Management’s portfolio.

Other Hedge Funds, Including , Gendell Jeffrey L boosted its stake in WLB in the latest quarter, The investment management firm added 41,429 additional shares and now holds a total of 1,177,336 shares of Westmoreland Coal Company which is valued at $9.2 Million. Westmoreland Coal Company makes up approx 1.90% of Gendell Jeffrey L’s portfolio. Trexquant Investment Lp sold out all of its stake in WLB during the most recent quarter. The investment firm sold 16,762 shares of WLB which is valued $131,246.Blackrock Investment Management boosted its stake in WLB in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 70,272 shares of Westmoreland Coal Company which is valued at $550,230.Diam Ltd. boosted its stake in WLB in the latest quarter, The investment management firm added 7,800 additional shares and now holds a total of 61,800 shares of Westmoreland Coal Company which is valued at $422,094. Westmoreland Coal Company makes up approx 0.01% of Diam Ltd.’s portfolio.

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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