Dynamic Technology Lab Private Ltd bought a new position in Westmoreland Coal Company (NASDAQ:WLB) during the first quarter, Holdings Channel reports. The firm bought 15,710 shares of the coal producer’s stock, valued at approximately $228,000. Dynamic Technology Lab Private Ltd owned 0.08% of Westmoreland Coal Company at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. American International Group Inc. raised its stake in shares of Westmoreland Coal Company by 7.1% in the first quarter. American International Group Inc. now owns 11,341 shares of the coal producer’s stock worth $165,000 after buying an additional 751 shares during the period. Ellington Management Group LLC bought a new stake in shares of Westmoreland Coal Company during the fourth quarter worth about $223,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Westmoreland Coal Company during the fourth quarter worth about $246,000. USA Financial Portformulas Corp bought a new stake in shares of Westmoreland Coal Company during the fourth quarter worth about $248,000. Finally, Numeric Investors LLC bought a new stake in shares of Westmoreland Coal Company during the fourth quarter worth about $254,000. 75.16% of the stock is currently owned by institutional investors.

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

Westmoreland Coal Company (NASDAQ:WLB) opened at 5.04 on Friday. The firm’s market capitalization is $94.06 million. The company’s 50-day moving average price is $7.56 and its 200 day moving average price is $13.83. Westmoreland Coal Company has a 52-week low of $4.87 and a 52-week high of $19.92.

Westmoreland Coal Company (NASDAQ:WLB) last posted its quarterly earnings results on Monday, May 15th. The coal producer reported ($1.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by $1.40. The firm had revenue of $339.74 million during the quarter, compared to analyst estimates of $349.35 million. Equities analysts predict that Westmoreland Coal Company will post ($2.05) earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on WLB. BMO Capital Markets reaffirmed an “outperform” rating and set a $18.00 target price on shares of Westmoreland Coal Company in a research report on Thursday, March 30th. ValuEngine lowered Westmoreland Coal Company from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research lowered Westmoreland Coal Company from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 1st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Westmoreland Coal Company presently has an average rating of “Hold” and an average target price of $20.00.

About Westmoreland Coal Company

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.

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