Westmoreland Coal Co (WLB) Holder Venor Capital Management LP Has Decreased Its Stake; Yorktown Management & Research Co Has Increased Its Citigroup (C) Position by $648,000 as Stock Rose

February 21, 2018 - By Adrian Erickson

Jeffrey Bersh decreased its stake in Westmoreland Coal Co (WLB) by 31.2% based on its latest 2017Q3 regulatory filing with the SEC. Venor Capital Management Lp sold 288,800 shares as the company’s stock declined 58.89% while stock markets rallied. The hedge fund run by Jeffrey Bersh held 636,850 shares of the coal mining company at the end of 2017Q3, valued at $1.62 million, down from 925,650 at the end of the previous reported quarter. Venor Capital Management Lp who had been investing in Westmoreland Coal Co for a number of months, seems to be less bullish one the $11.10M market cap company. The stock decreased 3.28% or $0.0201 during the last trading session, reaching $0.5919. About 73,529 shares traded. Westmoreland Coal Company (NASDAQ:WLB) has declined 0.28% since February 21, 2017 and is downtrending. It has underperformed by 16.98% the S&P500.




Yorktown Management & Research Co Inc increased its stake in Citigroup Inc (C) by 56.25% based on its latest 2017Q3 regulatory filing with the SEC. Yorktown Management & Research Co Inc bought 9,000 shares as the company’s stock rose 1.55% with the market. The institutional investor held 25,000 shares of the major banks company at the end of 2017Q3, valued at $1.82 million, up from 16,000 at the end of the previous reported quarter. Yorktown Management & Research Co Inc who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $198.75 billion market cap company. The stock increased 1.15% or $0.88 during the last trading session, reaching $77.34. About 2.72 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 21, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Yorktown Management & Research Co Inc, which manages about $931.40M and $381.53M US Long portfolio, decreased its stake in Blackstone Mort Tr Inc (NYSE:BXMT) by 120,000 shares to 100,000 shares, valued at $3.10M in 2017Q3, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 5,000 shares in the quarter, leaving it with 19,500 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It is positive, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Tiaa Cref Inv Mngmt Ltd owns 12.53 million shares. Guggenheim Lc stated it has 1.19M shares or 0.2% of all its holdings. Factory Mutual Insurance reported 2.36M shares. Kings Point Cap stated it has 0.01% in Citigroup Inc. (NYSE:C). Live Your Vision Lc invested 0% of its portfolio in Citigroup Inc. (NYSE:C). Commerzbank Aktiengesellschaft Fi owns 705,616 shares or 0.68% of their US portfolio. 12,865 are owned by Optimum Invest. The Colorado-based Arrowmark Colorado Hldg Ltd Co has invested 0.12% in Citigroup Inc. (NYSE:C). Stieven Advsrs Limited Partnership reported 1.74% in Citigroup Inc. (NYSE:C). Next Fin holds 0.36% or 17,758 shares in its portfolio. Allsquare Wealth holds 0.04% or 670 shares. Manufacturers Life Insur The holds 1.29% or 14.82M shares in its portfolio. Smith Moore holds 0.14% of its portfolio in Citigroup Inc. (NYSE:C) for 6,746 shares. Calamos Wealth Mgmt Limited Liability Corporation reported 97,102 shares. Chevy Chase Tru Hldg holds 3.48M shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by BMO Capital Markets with “Market Perform”. On Friday, October 13 the stock rating was maintained by Nomura with “Buy”. The firm has “Market Perform” rating by Wells Fargo given on Friday, July 8. The firm earned “Sector Weight” rating on Tuesday, January 5 by KeyBanc Capital Markets. The company was maintained on Tuesday, January 19 by Keefe Bruyette & Woods. The company was maintained on Monday, September 18 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report. The stock of Citigroup Inc. (NYSE:C) has “Buy” rating given on Monday, October 10 by Jefferies. Morgan Stanley maintained Citigroup Inc. (NYSE:C) rating on Friday, February 2. Morgan Stanley has “Overweight” rating and $92 target. The stock has “Sell” rating by Societe Generale on Monday, October 16.

Among 4 analysts covering Westmoreland Coal (NASDAQ:WLB), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Westmoreland Coal had 12 analyst reports since September 1, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital. FBR Capital maintained Westmoreland Coal Company (NASDAQ:WLB) rating on Friday, June 23. FBR Capital has “Buy” rating and $800 target. The firm earned “Market Perform” rating on Thursday, August 3 by BMO Capital Markets. As per Wednesday, November 23, the company rating was maintained by FBR Capital. The firm earned “Outperform” rating on Friday, September 4 by BMO Capital Markets. On Tuesday, September 1 the stock rating was initiated by BMO Capital Markets with “Outperform”. FBR Capital maintained the stock with “Outperform” rating in Wednesday, November 9 report. Seaport Global Securities initiated the stock with “Buy” rating in Friday, November 4 report. The firm has “Outperform” rating by FBR Capital given on Thursday, October 13. The stock of Westmoreland Coal Company (NASDAQ:WLB) has “Speculative Buy” rating given on Tuesday, February 9 by ForwardView Consulting.

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