Cleveland-Cliffs Inc. (NYSE:CLF) Shares Acquired by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. boosted its holdings in Cleveland-Cliffs Inc. (NYSE:CLF) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,726 shares of the mining company’s stock after acquiring an additional 14,503 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Cleveland-Cliffs were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLF. Strengthening Families & Communities LLC lifted its stake in Cleveland-Cliffs by 299.8% in 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 purchased a new stake in shares of Cleveland-Cliffs during the third quarter worth about $34,000. Truvestments Capital LLC acquired a new position in shares of Cleveland-Cliffs in the third quarter valued at approximately $34,000. Byrne Asset Management LLC lifted its stake in shares of Cleveland-Cliffs by 130.0% during the fourth quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock valued at $43,000 after buying an additional 2,600 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Cleveland-Cliffs during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 67.68% of the company’s stock.

Cleveland-Cliffs Trading Up 0.9 %

CLF opened at $11.49 on Tuesday. The firm has a market capitalization of $5.67 billion, a P/E ratio of -11.84 and a beta of 1.96. The firm’s 50 day moving average is $10.18 and its 200-day moving average is $11.75. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs Inc. has a 52-week low of $8.99 and a 52-week high of $22.97.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLF. StockNews.com cut Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Citigroup cut their price objective 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. Glj Research raised 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 note on Tuesday, January 7th. The Goldman Sachs Group began coverage on shares of Cleveland-Cliffs in a research note on Monday, December 2nd. They set a “buy” rating and a $16.00 price objective for the company. Finally, Morgan Stanley reduced their target price 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. 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.com, the company presently has an average rating of “Hold” and an average price target of $16.68.

About Cleveland-Cliffs

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.