Cleveland-Cliffs Inc. (NYSE:CLF) Shares Bought by Terril Brothers Inc.

Terril Brothers Inc. grew its holdings in Cleveland-Cliffs Inc. (NYSE:CLF) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,050,865 shares of the mining company’s stock after buying an additional 15,395 shares during the quarter. Cleveland-Cliffs accounts for approximately 3.0% of Terril Brothers Inc.’s holdings, making the stock its 10th biggest holding. Terril Brothers Inc.’s holdings in Cleveland-Cliffs were worth $9,878,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Strengthening Families & Communities LLC grew its holdings in shares of Cleveland-Cliffs by 299.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock worth $25,000 after purchasing an additional 1,490 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Cleveland-Cliffs in the 3rd quarter worth about $34,000. Truvestments Capital LLC bought a new stake in shares of Cleveland-Cliffs in the 3rd quarter worth about $34,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 2,539 shares during the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of Cleveland-Cliffs by 130.0% in the 4th quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock worth $43,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs Stock Performance

Cleveland-Cliffs stock opened at $10.83 on Friday. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. 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 $5.35 billion, a PE ratio of -11.16 and a beta of 1.96. The company’s 50-day moving average is $10.31 and its two-hundred day moving average is $11.66.

Cleveland-Cliffs (NYSE:CLF) last released its earnings results on Monday, February 24th. The mining company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.03). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.46 billion. Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. Equities analysts anticipate that Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current year.

Analyst Ratings Changes

CLF has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Glj Research lowered their target price on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating on the stock in a report on Thursday. Citigroup decreased 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. StockNews.com lowered shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on shares of Cleveland-Cliffs in a report on Monday, December 2nd. They set a “buy” rating and a $16.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.54.

Insider Activity at Cleveland-Cliffs

In other news, EVP Keith Koci purchased 9,500 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $10.81 per share, for a total transaction of $102,695.00. Following the transaction, the executive vice president now directly owns 543,475 shares of the company’s stock, valued at approximately $5,874,964.75. The trade was a 1.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jane M. Cronin purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $10.56 per share, for a total transaction of $105,600.00. Following the completion of the transaction, the director now directly owns 24,522 shares in the company, valued at $258,952.32. This trade represents a 68.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by corporate insiders.

Cleveland-Cliffs 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.