10,700 Shares in Cleveland-Cliffs Inc. (NYSE:CLF) Acquired by ST. Nicholas Private Asset Management Inc.

ST. Nicholas Private Asset Management Inc. acquired a new position in Cleveland-Cliffs Inc. (NYSE:CLF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,700 shares of the mining company’s stock, valued at approximately $101,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLF. Creative Planning grew its holdings in Cleveland-Cliffs by 2.6% in the 3rd quarter. Creative Planning now owns 121,908 shares of the mining company’s stock worth $1,557,000 after buying an additional 3,147 shares in the last quarter. Blue Trust Inc. grew its holdings in Cleveland-Cliffs by 231.9% in the 3rd quarter. Blue Trust Inc. now owns 3,634 shares of the mining company’s stock worth $46,000 after buying an additional 2,539 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Cleveland-Cliffs in the 3rd quarter worth approximately $327,000. Signaturefd LLC grew its holdings in Cleveland-Cliffs by 138.8% in the 3rd quarter. Signaturefd LLC now owns 8,682 shares of the mining company’s stock worth $111,000 after buying an additional 5,047 shares in the last quarter. Finally, Eastern Bank bought a new position in Cleveland-Cliffs in the 3rd quarter worth approximately $64,000. 67.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

CLF has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Cleveland-Cliffs in a research note on Monday, December 2nd. They set a “buy” rating and a $16.00 price target for the company. Glj Research raised Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 price target for the company in a research note on Tuesday, January 7th. Morgan Stanley decreased their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. StockNews.com lowered Cleveland-Cliffs from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Citigroup decreased their price target on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.68.

Cleveland-Cliffs Price Performance

Shares of NYSE:CLF opened at $11.35 on Friday. Cleveland-Cliffs Inc. has a one year low of $8.99 and a one year high of $22.97. The stock has a fifty day moving average of $10.22 and a 200-day moving average of $11.72. The company has a market capitalization of $5.60 billion, a PE ratio of -11.70 and a beta of 1.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85.

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.