Westmoreland Coal Company (WLB) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in Westmoreland Coal Company (NASDAQ:WLB) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,804 shares of the coal producer’s stock after acquiring an additional 9,401 shares during the quarter. Northern Trust Corp owned approximately 1.13% of Westmoreland Coal worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in Westmoreland Coal by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 14,319 shares of the coal producer’s stock worth $208,000 after acquiring an additional 1,998 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Westmoreland Coal by 35.6% in the second quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock valued at $133,000 after buying an additional 7,200 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Westmoreland Coal by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 46,795 shares of the coal producer’s stock valued at $679,000 after buying an additional 4,950 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Westmoreland Coal by 53.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock valued at $274,000 after buying an additional 19,500 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Westmoreland Coal by 5.6% in the first quarter. Teachers Advisors LLC now owns 70,666 shares of the coal producer’s stock valued at $1,026,000 after buying an additional 3,760 shares during the period. Institutional investors own 65.99% of the company’s stock.

WLB has been the subject of several research analyst reports. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. FBR & Co restated a “buy” rating and issued a $7.00 price objective on shares of Westmoreland Coal in a report on Friday, September 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Westmoreland Coal in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Westmoreland Coal Company (NASDAQ WLB) opened at $1.20 on Thursday. Westmoreland Coal Company has a 52-week low of $0.95 and a 52-week high of $19.35. The company has a quick ratio of 0.71, a current ratio of 1.04 and a debt-to-equity ratio of -1.32.

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Westmoreland Coal Company Profile

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.

Institutional Ownership by Quarter for Westmoreland Coal (NASDAQ:WLB)

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