1 week Ago By ABMN Staff
Wellington Management Group LLP trimmed its position in Cleveland-Cliffs Inc. ( NYSE:CLF – Free Report ) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 483,987 shares of the mining company’s stock after selling 13,425 shares during the period. Wellington Management Group LLP owned approximately 0.10% of Cleveland-Cliffs worth $4,549,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC boosted its position in shares of Cleveland-Cliffs by 130.0% in the 4th quarter.
Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock worth $43,000 after purchasing an additional 2,600 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Cleveland-Cliffs during the fourth quarter worth about $44,000. AllSquare Wealth Management LLC increased 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 valued at $48,000 after acquiring an additional 1,000 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Cleveland-Cliffs by 1,190.
6% in the 4th quarter. GAMMA Investing LLC now owns 5,330 shares of the mining company’s stock valued at $50,000 after purchasing an additional 4,917 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Cleveland-Cliffs by 487.
8% in the 4th 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 in the last quarter. 67.
68% of the stock is owned by hedge funds and other institutional investors. Cleveland-Cliffs Trading Up 0.9 % Shares of NYSE:CLF opened at $7.
35 on Friday. The business has a 50 day moving average of $9.65 and a two-hundred day moving average of $10.
86. Cleveland-Cliffs Inc. has a 12-month low of $6.
17 and a 12-month high of $22.24. The company has a market capitalization of $3.
63 billion, a PE ratio of -7.57 and a beta of 1.93.
The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.
53. Insiders Place Their Bets In other Cleveland-Cliffs news, Director Jane M. Cronin bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 28th.
The shares were purchased at an average price of $10.56 per share, for a total transaction of $105,600.00.
Following the transaction, the director now directly owns 24,522 shares of the company’s stock, valued at approximately $258,952.32. This represents a 68.
86 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website . Also, Director John T.
Baldwin purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $8.70 per share, with a total value of $34,800.
00. Following the acquisition, the director now owns 133,227 shares in the company, valued at $1,159,074.90.
This represents a 3.10 % increase in their position. The disclosure for this purchase can be found here .
Over the last 90 days, insiders have acquired 23,500 shares of company stock worth $243,095. 1.76% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In A number of research analysts have issued reports on CLF shares. Morgan Stanley cut their price target on shares of Cleveland-Cliffs from $13.00 to $11.
00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Citigroup cut their target price on Cleveland-Cliffs from $12.50 to $11.
00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Glj Research lowered their price target on Cleveland-Cliffs from $14.54 to $12.
90 and set a “buy” rating for the company in a research report on Thursday, February 27th. B. Riley reissued a “buy” rating on shares of Cleveland-Cliffs in a report on Tuesday, February 4th.
Finally, The Goldman Sachs Group decreased their target price on Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th.
One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.
24. Get Our Latest Analysis on Cleveland-Cliffs 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. See Also Want to see what other hedge funds are holding CLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cleveland-Cliffs Inc.
( NYSE:CLF – Free Report ). Receive News & Ratings for Cleveland-Cliffs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cleveland-Cliffs and related companies with MarketBeat.com's FREE daily email newsletter .
.
