Eastern Bank purchased a new stake in Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,000 shares of the mining company’s stock, valued at approximately $64,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CLF. Dimensional Fund Advisors LP increased its stake in shares of Cleveland-Cliffs by 54.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,906,597 shares of the mining company’s stock valued at $244,794,000 after purchasing an additional 5,621,797 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Cleveland-Cliffs by 49.9% in the 2nd quarter. AQR Capital Management LLC now owns 6,093,632 shares of the mining company’s stock valued at $93,172,000 after purchasing an additional 2,027,757 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Cleveland-Cliffs by 23.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,597,662 shares of the mining company’s stock valued at $86,148,000 after purchasing an additional 1,069,907 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of Cleveland-Cliffs by 1,650.8% in the 2nd quarter. WINTON GROUP Ltd now owns 874,464 shares of the mining company’s stock valued at $13,458,000 after purchasing an additional 824,518 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Cleveland-Cliffs by 169.5% in the 2nd quarter. Marshall Wace LLP now owns 1,166,968 shares of the mining company’s stock valued at $17,960,000 after purchasing an additional 733,902 shares in the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.
Cleveland-Cliffs Price Performance
CLF stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87 and a quick ratio of 0.60. The business has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $15.09. The firm has a market capitalization of $6.22 billion, a PE ratio of 17.67 and a beta of 1.98. Cleveland-Cliffs Inc. has a 1 year low of $10.21 and a 1 year high of $22.97.
Analysts Set New Price Targets
View Our Latest Analysis on CLF
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.
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