Cleveland-Cliffs Inc. $CLF Shares Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC increased its Cleveland-Cliffs position by 697.8% in the third quarter, acquiring 669,035 additional shares for a total of 764,915 shares valued at approximately $8.4 million. Institutional investors collectively own 67.68% of CLF.
• Analyst sentiment remains mixed, with three Buy, six Hold and two Sell ratings; the stock carries a consensus “Hold” rating and an average price target of $12.35.
• Cleveland-Cliffs faces uncertainty from tariff policy and potential Canadian labor or asset-sale intervention, while the stock recently traded near $12.11 and the company continues to report negative profitability metrics.

Counterpoint Mutual Funds LLC boosted its position in shares of Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) by 697.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 764,915 shares of the mining company's stock after purchasing an additional 669,035 shares during the period. Counterpoint Mutual Funds LLC owned about 0.13% of Cleveland-Cliffs worth $8,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLF. Center for Financial Planning Inc. grew its holdings in Cleveland-Cliffs by 119.0% during the 1st quarter. Center for Financial Planning Inc. now owns 3,322 shares of the mining company's stock worth $28,000 after acquiring an additional 1,805 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Cleveland-Cliffs in the second quarter valued at about $30,000. Fortitude Family Office LLC grew its position in shares of Cleveland-Cliffs by 245.2% in the 3rd quarter. Fortitude Family Office LLC now owns 2,831 shares of the mining company's stock worth $31,000 after buying an additional 2,011 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Cleveland-Cliffs by 39.5% during the 2nd quarter. IFP Advisors Inc now owns 5,127 shares of the mining company's stock worth $48,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Cleveland-Cliffs during the second quarter worth $72,000. 67.68% of the stock is owned by institutional investors.

Trending Headlines about Cleveland-Cliffs

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Broader metals-sector rally provided support. Cleveland-Cliffs rose alongside Alcoa and other metals stocks after Alcoa reported a third-quarter earnings beat and announced a data-center site sale. The move suggests investors are rotating toward industrial and materials companies, though the news was not specific to CLF. Alcoa Gains 8%, United States Antimony Jumps 10% After Alcoa’s Q3 Beat and Data Center Site Sale; Cleveland-Cliffs Rises 2%
• Positive Sentiment: Tariff protection could benefit domestic steel producers. Coverage of expanded U.S. tariff measures has renewed interest in Cleveland-Cliffs because its domestic steel production could benefit from reduced import competition. However, the company’s Canadian exposure makes the ultimate impact less clear. What Does Expanded Tariff Coverage Mean For Cleveland-Cliffs?
• Neutral Sentiment: Investor attention has increased. CLF is appearing on widely followed “trending stock” lists, which may increase trading activity but does not represent a fundamental change in earnings, demand, or valuation. Cleveland-Cliffs Inc. Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Canadian labor and asset-sale risk is the most significant overhang. Canadian officials are considering steps to block or limit layoffs at Stelco and have warned that Cleveland-Cliffs could potentially be forced to sell Canadian assets if layoffs proceed. Such intervention could raise costs, disrupt restructuring plans, or reduce strategic flexibility. Cleveland-Cliffs Could Be Forced to Sell Canadian Assets if Layoffs Proceed
• Negative Sentiment: Tariff uncertainty pressured the steel group. Investors remain concerned that changing trade policy could hurt cross-border operations and demand visibility, with CLF viewed as particularly exposed because of its Canadian footprint. Cleveland-Cliffs Drops as Tariff Doubt Returns
• Negative Sentiment: JPMorgan lowered its price target to $12.00, signaling limited upside near current trading levels and reflecting caution about the company’s outlook. JPMorgan Cuts Target for Cleveland-Cliffs Stock to $12.00

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Glj Research upped their price objective on shares of Cleveland-Cliffs from $15.60 to $17.48 and gave the company a "buy" rating in a report on Monday, September 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cleveland-Cliffs in a research report on Tuesday, July 21st. Wells Fargo & Company upgraded shares of Cleveland-Cliffs from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $12.00 to $14.00 in a research report on Tuesday, October 6th. Citigroup reissued a "positive" rating on shares of Cleveland-Cliffs in a report on Friday, July 24th. Finally, Barclays raised their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Cleveland-Cliffs has a consensus rating of "Hold" and an average target price of $12.35.

Cleveland-Cliffs Stock Performance

NYSE CLF opened at $12.11 on Friday. Cleveland-Cliffs Inc. has a fifty-two week low of $7.73 and a fifty-two week high of $16.70. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.63 and a current ratio of 1.89. The stock's fifty day moving average is $12.01 and its two-hundred day moving average is $11.22. The firm has a market capitalization of $6.91 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 5.73 and a beta of 2.09.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last issued its earnings results on Thursday, July 23rd. The mining company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.01. The company had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.15 billion. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. Cleveland-Cliffs's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.50) earnings per share. On average, research analysts anticipate that Cleveland-Cliffs Inc. will post 0.10 earnings per share for the current year.

Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc is an integrated steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, including the mining and processing of iron ore, production of iron ore pellets, and manufacturing of finished steel products.

Cleveland-Cliffs primarily produces flat-rolled carbon steel, including hot-rolled, cold-rolled and galvanized products, as well as coated and specialty steel. Its products are used in automotive manufacturing, construction, infrastructure, appliances, machinery and other industrial applications.

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