Gendell Jeffrey L buys $9,681,497 stake in Westmoreland Coal Company (WLB)

Westmoreland Coal Company (WLB) : Gendell Jeffrey L scooped up 13,500 additional shares in Westmoreland Coal Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,190,836 shares of Westmoreland Coal Company which is valued at $9,681,497.Westmoreland Coal Company makes up approximately 1.94% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added WLB to its portfolio by purchasing 37,956 company shares during the most recent quarter which is valued at $308,582.Blackrock Fund Advisors boosted its stake in WLB in the latest quarter, The investment management firm added 17,930 additional shares and now holds a total of 475,106 shares of Westmoreland Coal Company which is valued at $3,862,612.Vanguard Group Inc reduced its stake in WLB by selling 74,524 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 970,183 shares of WLB which is valued at $7,887,588. Acrospire Investment Management added WLB to its portfolio by purchasing 21,461 company shares during the most recent quarter which is valued at $189,071. Westmoreland Coal Company makes up approx 0.14% of Acrospire Investment Management’s portfolio. Glenmede Trust Co Na sold out all of its stake in WLB during the most recent quarter. The investment firm sold 61 shares of WLB which is valued $525.

Westmoreland Coal Company closed down -0.01 points or -0.13% at $7.95 with 1,15,986 shares getting traded on Monday. Post opening the session at $7.96, the shares hit an intraday low of $7.81 and an intraday high of $8.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Westmoreland Coal Company reported $-1.37 EPS for the quarter, missing the analyst consensus estimate by $ -1.25 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.12. The company had revenue of $356.20 million for the quarter, compared to analysts expectations of $340.27 million. The company’s revenue was up 2.1% compared to the same quarter last year.

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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