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Lonestar Capital Management Boosts Stake In Westmoreland Coal Company (WLB)

Jerome L. Simon is bullish on Westmoreland Coal Company (NASDAQ:WLB) and has increased his fund’s investment in this company. Lonestar Capital Management has revealed an addition of 400,000 shares to its stake, taking it to 900,000 shares, as reported in a recent filing with the Securities and Exchange Commission. The current position gives Simon and Lonestar Capital control over 5.4% of the company’s common stock.

Westmoreland Coal Company (WLB)

Jim Simons is also a fan of Westmoreland Coal Company (NASDAQ:WLB) and has increased his fund’s stake in the company by 109% during Q1 of 2014. Renaissance Technologies has reported ownership of approximately 333,300 shares in its latest 13F filing. Corsair Capital Management, run by Jay Petschek and Steven Major, has disclosed a 17% increase in its holding of this stock to approximately 192,500 shares at the end of the first quarter. Nelson Obus and his fund, Wynnefield Capital, have made Westmoreland Coal Company (NASDAQ:WLB) an important equity investment, which accounts for 6.69% of their portfolio. However, Obus had decided to reduce his exposure by 38% to 460,400 shares during the same period of time.

Disclosure. none.

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