Louisiana State Employees Retirement System Has $1.26 Million Stock Holdings in Cleveland-Cliffs Inc. (NYSE:CLF)

Louisiana State Employees Retirement System increased its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,400 shares of the mining company’s stock after acquiring an additional 4,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cleveland-Cliffs were worth $1,263,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of Cleveland-Cliffs by 13.7% during the third quarter. Pacer Advisors Inc. now owns 25,893,879 shares of the mining company’s stock worth $330,665,000 after purchasing an additional 3,110,651 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Cleveland-Cliffs by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,751,153 shares of the mining company’s stock worth $47,902,000 after acquiring an additional 121,389 shares during the period. Hodges Capital Management Inc. raised its holdings in Cleveland-Cliffs by 13.4% in the 4th quarter. Hodges Capital Management Inc. now owns 3,316,786 shares of the mining company’s stock valued at $31,178,000 after acquiring an additional 391,109 shares in the last quarter. Drexel Morgan & Co. lifted its position in shares of Cleveland-Cliffs by 3.8% during the 3rd quarter. Drexel Morgan & Co. now owns 3,200,395 shares of the mining company’s stock valued at $40,869,000 after acquiring an additional 116,400 shares during the period. Finally, Barclays PLC grew its holdings in shares of Cleveland-Cliffs by 232.4% during the 3rd quarter. Barclays PLC now owns 3,113,337 shares of the mining company’s stock worth $39,757,000 after purchasing an additional 2,176,837 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

Cleveland-Cliffs Stock Up 0.9 %

NYSE CLF opened at $11.49 on Monday. Cleveland-Cliffs Inc. has a 1 year low of $8.99 and a 1 year high of $22.97. The stock has a market capitalization of $5.67 billion, a PE ratio of -11.84 and a beta of 1.96. 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 business’s 50-day moving average is $10.19 and its 200 day moving average is $11.78.

Analyst Ratings Changes

CLF has been the subject of a number of analyst reports. The Goldman Sachs Group started coverage on Cleveland-Cliffs in a research note on Monday, December 2nd. They issued a “buy” rating and a $16.00 price target for the company. Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 price target on the stock in a research report on Tuesday, January 7th. Citigroup cut their target price on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reduced 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. Finally, StockNews.com lowered shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.68.

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.