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Venor Capital Management LP Cut Westmoreland Coal Co (WLB) Position as Share Value Declined; Wesbanco Bank Upped Its Lockheed Martin (LMT) Stake by $2.85 Million

Wesbanco Bank Inc increased its stake in Lockheed Martin (LMT) by 101.16% based on its latest 2017Q3 regulatory filing with the SEC. Wesbanco Bank Inc bought 9,206 shares as the company’s stock rose 2.80% with the market. The institutional investor held 18,306 shares of the military and government and technical company at the end of 2017Q3, valued at $5.68M, up from 9,100 at the end of the previous reported quarter. Wesbanco Bank Inc who had been investing in Lockheed Martin for a number of months, seems to be bullish on the $94.94B market cap company. The stock decreased 3.22% or $11.13 during the last trading session, reaching $334.3. About 2.63 million shares traded or 112.82% up from the average. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since February 9, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

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 $1.62M, 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 $12.78M market cap company. The stock decreased 13.54% or $0.1068 during the last trading session, reaching $0.6819. About 720,864 shares traded or 114.97% up from the average. Westmoreland Coal Company (NASDAQ:WLB) has declined 0.28% since February 9, 2017 and is downtrending. It has underperformed by 16.98% the S&P500.

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 has “Outperform” rating by FBR Capital given on Friday, September 18. The company was maintained on Wednesday, November 9 by FBR Capital. FBR Capital maintained Westmoreland Coal Company (NASDAQ:WLB) on Friday, June 23 with “Buy” rating. The firm has “Buy” rating by Seaport Global Securities given on Friday, November 4. As per Wednesday, November 23, the company rating was maintained by FBR Capital. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, August 3. On Tuesday, February 9 the stock rating was downgraded by ForwardView Consulting to “Speculative Buy”. BMO Capital Markets initiated the shares of WLB in report on Friday, September 4 with “Outperform” rating. On Monday, November 16 the stock rating was maintained by FBR Capital with “Outperform”. FBR Capital maintained the shares of WLB in report on Thursday, October 13 with “Outperform” rating.

Analysts await Westmoreland Coal Company (NASDAQ:WLB) to report earnings on March, 27. They expect $0.75 earnings per share, up 282.93% or $1.16 from last year’s $-0.41 per share. WLB’s profit will be $14.06M for 0.23 P/E if the $0.75 EPS becomes a reality. After $-1.03 actual earnings per share reported by Westmoreland Coal Company for the previous quarter, Wall Street now forecasts -172.82% EPS growth.

Investors sentiment decreased to 0.61 in Q3 2017. Its down 0.35, from 0.96 in 2017Q2. It dropped, as 23 investors sold WLB shares while 26 reduced holdings. 9 funds opened positions while 21 raised stakes. 11.85 million shares or 16.62% less from 14.21 million shares in 2017Q2 were reported. Indexiq Advsr Limited Liability Corporation reported 1,631 shares or 0% of all its holdings. National Bank Of Mellon Corp accumulated 156,505 shares. Vanguard Grp stated it has 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). D E Shaw And stated it has 103,123 shares. Federated Investors Pa holds 0% or 328,284 shares in its portfolio. 48,306 were accumulated by Creative Planning. Deutsche National Bank & Trust Ag invested 0% in Westmoreland Coal Company (NASDAQ:WLB). State Board Of Administration Of Florida Retirement Sys reported 33,020 shares. Moreover, Tudor Inv Et Al has 0% invested in Westmoreland Coal Company (NASDAQ:WLB) for 44,316 shares. Menta Limited Liability Co reported 140,649 shares. Schwab Charles Inv Mgmt has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). Royal Bancshares Of Canada stated it has 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Mangrove has invested 0.43% in Westmoreland Coal Company (NASDAQ:WLB). Fincl Bank Of America De stated it has 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Prelude Cap Management Ltd Liability Co reported 4,000 shares stake.

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.17, from 1.07 in 2017Q2. It is positive, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes. 221.38 million shares or 1.04% less from 223.70 million shares in 2017Q2 were reported. Country Club Na owns 867 shares. Ssi Inv invested 0.02% in Lockheed Martin Corporation (NYSE:LMT). Usca Ria Limited Company reported 0.22% stake. Union Bancshares Corporation holds 1.17% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 11,238 shares. Hl Fincl Svcs Ltd Liability Corporation accumulated 11,076 shares or 0.07% of the stock. Fulton Bancorp Na holds 3,397 shares. Pacific Glob Invest Management stated it has 0.11% in Lockheed Martin Corporation (NYSE:LMT). Wheatland Advsr accumulated 730 shares or 0.19% of the stock. Strategic Advsrs Ltd Company invested in 0.16% or 1,199 shares. 1,264 were reported by Lakeview Cap Partners Lc. 176,270 are held by Bnp Paribas Arbitrage. Archford Strategies Ltd Limited Liability Company holds 1.95% in Lockheed Martin Corporation (NYSE:LMT) or 16,769 shares. Transamerica Advsr Inc, a Florida-based fund reported 20,031 shares. Gateway Invest Advisers Limited Liability Com stated it has 0.05% in Lockheed Martin Corporation (NYSE:LMT). Cadinha Co Ltd Liability Co stated it has 2.31% in Lockheed Martin Corporation (NYSE:LMT).

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Lockheed Martin Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained the shares of LMT in report on Tuesday, January 30 with “Hold” rating. The company was maintained on Thursday, October 5 by Buckingham Research. On Friday, June 9 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Neutral” rating given on Wednesday, November 18 by Credit Suisse. As per Wednesday, January 27, the company rating was upgraded by Wolfe Research. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 26 report. RBC Capital Markets upgraded it to “Outperform” rating and $250 target in Wednesday, January 6 report. Cowen & Co maintained it with “Hold” rating and $295.0 target in Wednesday, August 23 report. The firm earned “Underweight” rating on Tuesday, February 16 by Barclays Capital. RBC Capital Markets maintained it with “Hold” rating and $386.0 target in Monday, January 29 report.

Wesbanco Bank Inc, which manages about $900.26M and $1.92B US Long portfolio, decreased its stake in Toll Brothers Inc. (NYSE:TOL) by 18,170 shares to 167,451 shares, valued at $6.94 million in 2017Q3, according to the filing. It also reduced its holding in Ei Du Pont De Nemours (NYSE:DD) by 166,742 shares in the quarter, leaving it with 7,464 shares, and cut its stake in Invesco Ltd (NYSE:IVZ).

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