Private Advisor Group LLC Buys 12,391 Shares of Cleveland-Cliffs Inc. (NYSE:CLF)

Private Advisor Group LLC boosted its stake in Cleveland-Cliffs Inc. (NYSE:CLF) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 327,990 shares of the mining company’s stock after acquiring an additional 12,391 shares during the quarter. Private Advisor Group LLC’s holdings in Cleveland-Cliffs were worth $4,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Cleveland-Cliffs by 54.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,906,597 shares of the mining company’s stock valued at $244,794,000 after acquiring an additional 5,621,797 shares during the period. AQR Capital Management LLC grew its position in shares of Cleveland-Cliffs by 49.9% during the 2nd quarter. AQR Capital Management LLC now owns 6,093,632 shares of the mining company’s stock valued at $93,172,000 after purchasing an additional 2,027,757 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Cleveland-Cliffs by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 5,597,662 shares of the mining company’s stock worth $86,148,000 after buying an additional 1,069,907 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Cleveland-Cliffs by 1,650.8% in the second quarter. WINTON GROUP Ltd now owns 874,464 shares of the mining company’s stock worth $13,458,000 after buying an additional 824,518 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Cleveland-Cliffs by 169.5% during the second quarter. Marshall Wace LLP now owns 1,166,968 shares of the mining company’s stock worth $17,960,000 after buying an additional 733,902 shares in the last quarter. 67.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CLF has been the topic of several recent analyst reports. Morgan Stanley lowered their price target on Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 18th. Seaport Res Ptn upgraded shares of Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Citigroup cut their price target on shares of Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.56.

Cleveland-Cliffs Trading Down 1.7 %

CLF stock opened at $13.07 on Monday. The company has a market capitalization of $6.21 billion, a PE ratio of 17.66 and a beta of 1.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.60 and a current ratio of 1.87. Cleveland-Cliffs Inc. has a one year low of $10.21 and a one year high of $22.97. The company’s 50 day moving average price is $12.63 and its two-hundred day moving average price is $14.99.

Cleveland-Cliffs Company Profile

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.