1 week Ago By ABMN Staff
Prudential Financial Inc. reduced its position in shares of Cleveland-Cliffs Inc. ( NYSE:CLF – Free Report ) by 4.
4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,432 shares of the mining company’s stock after selling 1,498 shares during the period. Prudential Financial Inc.
’s holdings in Cleveland-Cliffs were worth $305,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in CLF. Byrne Asset Management LLC grew its position in Cleveland-Cliffs by 130.
0% during the fourth quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock worth $43,000 after buying an additional 2,600 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Cleveland-Cliffs during the 4th quarter valued at about $44,000.
AllSquare Wealth Management LLC grew its holdings in shares of Cleveland-Cliffs by 24.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company’s stock worth $48,000 after purchasing an additional 1,000 shares in the last quarter.
GAMMA Investing LLC increased its position in shares of Cleveland-Cliffs by 1,190.6% in the fourth quarter. GAMMA Investing LLC now owns 5,330 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,917 shares during the last quarter.
Finally, Farther Finance Advisors LLC increased its position in shares of Cleveland-Cliffs by 487.8% in the fourth quarter. Farther Finance Advisors LLC now owns 5,990 shares of the mining company’s stock worth $56,000 after purchasing an additional 4,971 shares during the last quarter.
Institutional investors own 67.68% of the company’s stock. Wall Street Analysts Forecast Growth CLF has been the subject of several research analyst reports.
B. Riley reiterated a “buy” rating on shares of Cleveland-Cliffs in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on Cleveland-Cliffs from $13.
00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Glj Research cut their price objective on Cleveland-Cliffs from $14.
54 to $12.90 and set a “buy” rating for the company in a report on Thursday, February 27th. Citigroup dropped their target price on Cleveland-Cliffs from $12.
50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Cleveland-Cliffs from $17.
00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.24. Insider Buying and Selling In related news, Director John T.
Baldwin purchased 4,000 shares of Cleveland-Cliffs stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $8.70 per share, for a total transaction of $34,800.
00. Following the completion of the acquisition, the director now directly owns 133,227 shares of the company’s stock, valued at $1,159,074.90.
The trade was a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
Also, Director Jane M. Cronin acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $10.
56 per share, for a total transaction of $105,600.00. Following the completion of the transaction, the director now directly owns 24,522 shares in the company, valued at $258,952.
32. The trade was a 68.86 % increase in their position.
The disclosure for this purchase can be found here . Insiders have acquired 23,500 shares of company stock valued at $243,095 over the last quarter. Corporate insiders own 1.
76% of the company’s stock. Cleveland-Cliffs Stock Down 9.0 % NYSE CLF opened at $7.
24 on Friday. Cleveland-Cliffs Inc. has a 1 year low of $6.
17 and a 1 year high of $22.39. The company has a debt-to-equity ratio of 0.
53, a current ratio of 1.85 and a quick ratio of 0.55.
The business’s 50-day moving average is $9.71 and its 200 day moving average is $10.90.
The stock has a market capitalization of $3.58 billion, a PE ratio of -7.46 and a beta of 1.
93. Cleveland-Cliffs ( NYSE:CLF – Get Free Report ) last posted its earnings results on Monday, February 24th. The mining company reported ($0.
68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.03).
Cleveland-Cliffs had a negative return on equity of 0.59% and a negative net margin of 2.31%.
The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.46 billion.
Sell-side analysts forecast that Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current year.
Cleveland-Cliffs Company Profile ( Free Report ) Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.
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