Cleveland-Cliffs Inc. $CLF Shares Bought by Monaco Asset Management SAM

Posted by on Jun 1st, 2026

Monaco Asset Management SAM grew its position in shares of Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) by 76.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 575,000 shares of the mining company’s stock after acquiring an additional 250,000 shares during the quarter. Cleveland-Cliffs comprises about 1.3% of Monaco Asset Management SAM’s investment portfolio, making the stock its 17th largest holding. Monaco Asset Management SAM owned about 0.12% of Cleveland-Cliffs worth $7,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Cleveland-Cliffs by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 54,391,397 shares of the mining company’s stock valued at $722,318,000 after acquiring an additional 6,447,462 shares during the period. State Street Corp boosted its holdings in shares of Cleveland-Cliffs by 20.2% during the second quarter. State Street Corp now owns 27,450,442 shares of the mining company’s stock valued at $208,623,000 after acquiring an additional 4,603,807 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cleveland-Cliffs by 14.7% during the fourth quarter. Geode Capital Management LLC now owns 10,039,851 shares of the mining company’s stock valued at $133,372,000 after acquiring an additional 1,286,042 shares during the period. Citigroup Inc. grew its position in Cleveland-Cliffs by 17.5% in the 3rd quarter. Citigroup Inc. now owns 8,010,913 shares of the mining company’s stock valued at $97,733,000 after buying an additional 1,195,035 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Cleveland-Cliffs by 200.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 6,329,414 shares of the mining company’s stock valued at $48,104,000 after buying an additional 4,222,528 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF opened at $13.56 on Monday. Cleveland-Cliffs Inc. has a twelve month low of $5.63 and a twelve month high of $16.70. The company has a current ratio of 2.02, a quick ratio of 0.64 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of -5.79 and a beta of 2.08. The firm has a 50-day moving average of $9.88 and a two-hundred day moving average of $11.39.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The mining company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.04. Cleveland-Cliffs had a negative net margin of 6.42% and a negative return on equity of 15.48%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the prior year, the company earned ($0.92) EPS. Cleveland-Cliffs’s revenue was up 6.3% on a year-over-year basis. As a group, analysts expect that Cleveland-Cliffs Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLF has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.00 target price on shares of Cleveland-Cliffs in a research report on Friday, May 1st. Citigroup increased their target price on shares of Cleveland-Cliffs from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Morgan Stanley decreased their target price on shares of Cleveland-Cliffs from $16.80 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Wells Fargo & Company decreased their target price on shares of Cleveland-Cliffs from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cleveland-Cliffs currently has an average rating of “Reduce” and a consensus target price of $11.49.

View Our Latest Report on Cleveland-Cliffs

Cleveland-Cliffs Company Profile

(Free Report)

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.

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Institutional Ownership by Quarter for Cleveland-Cliffs (NYSE:CLF)

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