Yousif Capital Management LLC Acquires 3,610 Shares of Cleveland-Cliffs Inc. (NYSE:CLF)

Yousif Capital Management LLC lifted its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,438 shares of the mining company’s stock after buying an additional 3,610 shares during the quarter. Yousif Capital Management LLC’s holdings in Cleveland-Cliffs were worth $1,734,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CLF. Strengthening Families & Communities LLC grew its holdings in Cleveland-Cliffs by 299.8% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after buying an additional 1,490 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Cleveland-Cliffs in the third quarter valued at approximately $34,000. Truvestments Capital LLC bought a new stake in Cleveland-Cliffs during the 3rd quarter worth approximately $34,000. Blue Trust Inc. increased its holdings in Cleveland-Cliffs by 231.9% during the 3rd quarter. Blue Trust Inc. now owns 3,634 shares of the mining company’s stock worth $46,000 after acquiring an additional 2,539 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Cleveland-Cliffs by 1,190.6% in the 4th quarter. GAMMA Investing LLC now owns 5,330 shares of the mining company’s stock worth $50,000 after purchasing an additional 4,917 shares in the last quarter. 67.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Cleveland-Cliffs Trading Down 4.7 %

Shares of NYSE:CLF opened at $11.29 on Wednesday. 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’s fifty day moving average price is $10.25 and its 200-day moving average price is $11.86. Cleveland-Cliffs Inc. has a 1 year low of $8.99 and a 1 year high of $22.97. The company has a market cap of $5.57 billion, a P/E ratio of -11.63 and a beta of 1.96.

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.