Rockefeller Capital Management L.P. Has $1.98 Million Position in Cleveland-Cliffs Inc. (NYSE:CLF)

Rockefeller Capital Management L.P. decreased its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) by 87.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,580 shares of the mining company's stock after selling 1,521,777 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Cleveland-Cliffs were worth $1,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pinpoint Asset Management Ltd bought a new position in Cleveland-Cliffs in the 4th quarter worth approximately $25,000. Estabrook Capital Management raised its stake in shares of Cleveland-Cliffs by 207.7% during the fourth 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 Cleveland-Cliffs by 130.0% in the fourth 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 during the period. Stonebridge Financial Group LLC bought a new position in Cleveland-Cliffs in the 4th quarter valued at about $44,000. Finally, AllSquare Wealth Management LLC increased its stake in Cleveland-Cliffs by 24.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company's stock valued at $48,000 after buying an additional 1,000 shares during the period. 67.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cleveland-Cliffs news, Director Jane M. Cronin acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $10.56 per share, for a total transaction of $105,600.00. Following the completion of the acquisition, the director now owns 24,522 shares of the company's stock, valued at approximately $258,952.32. This trade represents a 68.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John T. Baldwin purchased 4,000 shares of Cleveland-Cliffs stock in a transaction 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 transaction, the director now directly owns 133,227 shares of the company's stock, valued at approximately $1,159,074.90. The trade was a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 23,500 shares of company stock worth $243,095. Corporate insiders own 1.76% of the company's stock.

Cleveland-Cliffs Trading Down 1.3 %

NYSE CLF traded down $0.11 on Friday, hitting $7.81. 3,577,004 shares of the stock were exchanged, compared to its average volume of 14,251,116. The company's 50-day moving average price is $8.98 and its two-hundred day moving average price is $10.53. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -8.10 and a beta of 1.93. Cleveland-Cliffs Inc. has a 52-week low of $6.17 and a 52-week high of $18.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 0.55.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) EPS 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 business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.46 billion. Research analysts predict that Cleveland-Cliffs Inc. will post -0.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CLF shares. Morgan Stanley lowered their price objective 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. B. Riley reissued a "buy" rating and issued a $17.00 price objective (down previously from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday. Glj Research decreased their target price on Cleveland-Cliffs from $14.54 to $12.90 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group dropped 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 given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.49.

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.