Cleveland-Cliffs Inc. (NYSE:CLF) Shares Bought by Rothschild Investment LLC

Rothschild Investment LLC increased its stake in Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) by 11,811.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,899 shares of the mining company's stock after acquiring an additional 119,884 shares during the period. Rothschild Investment LLC's holdings in Cleveland-Cliffs were worth $994,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CLF. Pinpoint Asset Management Ltd bought a new position in shares of Cleveland-Cliffs during the fourth quarter valued at approximately $25,000. Estabrook Capital Management raised its position in Cleveland-Cliffs by 207.7% during the 4th quarter. Estabrook Capital Management now owns 4,000 shares of the mining company's stock valued at $38,000 after purchasing an additional 2,700 shares in the last quarter. Byrne Asset Management LLC lifted its holdings 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 buying an additional 2,600 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Cleveland-Cliffs in the 4th quarter worth $44,000. Finally, AllSquare Wealth Management LLC grew its position in shares of Cleveland-Cliffs by 24.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company's stock worth $48,000 after buying an additional 1,000 shares in the last quarter. 67.68% of the stock is owned by institutional investors.

Insider Transactions at Cleveland-Cliffs

In other news, Director John T. Baldwin purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $8.70 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 133,227 shares of the company's stock, valued at $1,159,074.90. This represents a 3.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James D. Graham sold 120,000 shares of Cleveland-Cliffs stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $6.85, for a total transaction of $822,000.00. Following the completion of the transaction, the executive vice president now directly owns 492,249 shares in the company, valued at $3,371,905.65. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLF. The Goldman Sachs Group reduced their price objective on shares of Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating for the company in a research note on Monday, May 12th. Glj Research cut Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 price objective for the company. in a research note on Wednesday, May 28th. Finally, B. Riley reaffirmed a "buy" rating and set a $17.00 price objective (down previously from $20.00) on shares of Cleveland-Cliffs in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Cleveland-Cliffs presently has a consensus rating of "Hold" and a consensus price target of $12.74.

Cleveland-Cliffs Trading Down 5.9%

CLF traded down $0.45 during trading hours on Thursday, reaching $7.10. The company's stock had a trading volume of 49,627,492 shares, compared to its average volume of 17,321,129. The business's 50-day moving average is $7.43 and its 200-day moving average is $9.41. 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 stock has a market cap of $3.51 billion, a PE ratio of -7.31 and a beta of 2.03. Cleveland-Cliffs Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $16.47.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The mining company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.14). Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The firm had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.71 billion. During the same period in the previous year, the firm earned $0.18 EPS. The firm's revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current fiscal year.

Cleveland-Cliffs 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.