Westmoreland Coal Co (NASDAQ:WLB) Institutional Investor Positioning

November 15, 2017 - By Adrian Erickson

 Westmoreland Coal Co (NASDAQ:WLB) Institutional Investor Positioning

Sentiment for Westmoreland Coal Co (NASDAQ:WLB)

Westmoreland Coal Co (NASDAQ:WLB) institutional sentiment decreased to 0.96 in Q2 2017. Its down -0.75, from 1.71 in 2017Q1. The ratio is negative, as 44 hedge funds started new or increased stock positions, while 46 cut down and sold their holdings in Westmoreland Coal Co. The hedge funds in our partner’s database now have: 14.21 million shares, up from 13.71 million shares in 2017Q1. Also, the number of hedge funds holding Westmoreland Coal Co in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 18 Reduced: 28 Increased: 28 New Position: 16.

Westmoreland Coal Company is an energy company. The company has market cap of $30.55 million. The Firm operates through six divisions: Coal-U.S., Coal-Canada, Coal-, Power, Heritage and Corporate. It currently has negative earnings. The Coal-U.S. segment includes the activities of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico.

About shares traded. Westmoreland Coal Company (NASDAQ:WLB) has declined 0.28% since November 15, 2016 and is downtrending. It has underperformed by 16.98% the S&P500.

Analysts expect Westmoreland Coal Company (NASDAQ:WLB) to report $0.75 EPS on March, 27.They anticipate $1.16 EPS change or 282.93 % from last quarter’s $-0.41 EPS. WLB’s profit would be $14.07 million giving it 0.53 P/E if the $0.75 EPS is correct. After having $-1.03 EPS previously, Westmoreland Coal Company’s analysts see -172.82 % EPS growth.

Venor Capital Management Lp holds 3.04% of its portfolio in Westmoreland Coal Company for 925,650 shares. Mangrove Partners owns 833,345 shares or 0.83% of their US portfolio. Moreover, Gendell Jeffrey L has 0.46% invested in the company for 1.31 million shares. The New York-based Stonehill Capital Management Llc has invested 0.36% in the stock. Trexquant Investment Lp, a Connecticut-based fund reported 77,055 shares.#img1#

Westmoreland Coal Company (NASDAQ:WLB) Ratings Coverage

Ratings analysis reveals 75% of Westmoreland Coal’s analysts are positive. Out of 4 Wall Street analysts rating Westmoreland Coal, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $4.0 while the high is $22. The stock’s average target of $13.25 is 712.88% above today’s ($1.63) share price. WLB was included in 12 notes of analysts from September 1, 2015. On Tuesday, February 9 the stock rating was downgraded by ForwardView Consulting to “Speculative Buy”. FBR Capital maintained the stock with “Buy” rating in Friday, June 23 report. The rating was initiated by BMO Capital Markets on Tuesday, September 1 with “Outperform”. The firm earned “Outperform” rating on Wednesday, November 23 by FBR Capital. The firm has “Outperform” rating given on Friday, September 18 by FBR Capital. FBR Capital maintained the shares of WLB in report on Wednesday, November 9 with “Outperform” rating. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Buy” rating by Seaport Global Securities on Friday, November 4. On Monday, November 16 the stock rating was maintained by FBR Capital with “Outperform”. As per Thursday, August 3, the company rating was downgraded by BMO Capital Markets. The firm has “Outperform” rating by BMO Capital Markets given on Friday, September 4.

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