Legal & General Group Plc Increases Position in Cleveland-Cliffs Inc. $CLF

Posted by on Jun 3rd, 2026

Legal & General Group Plc grew its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 952,750 shares of the mining company’s stock after purchasing an additional 76,080 shares during the period. Legal & General Group Plc owned approximately 0.19% of Cleveland-Cliffs worth $12,653,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CLF. Public Employees Retirement System of Ohio increased its position in Cleveland-Cliffs by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 152,009 shares of the mining company’s stock valued at $1,855,000 after buying an additional 943 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Cleveland-Cliffs by 3.0% in the third quarter. Moors & Cabot Inc. now owns 33,118 shares of the mining company’s stock worth $404,000 after acquiring an additional 960 shares in the last quarter. Whitcomb & Hess Inc. boosted its holdings in Cleveland-Cliffs by 3.8% in the fourth quarter. Whitcomb & Hess Inc. now owns 26,752 shares of the mining company’s stock worth $357,000 after acquiring an additional 973 shares in the last quarter. Cidel Asset Management Inc. grew its stake in shares of Cleveland-Cliffs by 6.0% in the fourth quarter. Cidel Asset Management Inc. now owns 18,185 shares of the mining company’s stock worth $242,000 after acquiring an additional 1,037 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Cleveland-Cliffs by 117.5% during the fourth quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock valued at $29,000 after acquiring an additional 1,200 shares in the last quarter. 67.68% of the stock is owned by institutional investors.

Cleveland-Cliffs Trading Up 8.9%

Shares of NYSE:CLF opened at $14.79 on Wednesday. The stock has a 50 day moving average of $9.99 and a 200 day moving average of $11.41. The company has a market cap of $8.44 billion, a PE ratio of -6.32 and a beta of 2.09. Cleveland-Cliffs Inc. has a 12-month low of $6.71 and a 12-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.

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 the consensus estimate of ($0.44) by $0.04. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.84 billion. Cleveland-Cliffs had a negative net margin of 6.42% and a negative return on equity of 15.48%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.92) earnings per share. As a group, equities research analysts expect that Cleveland-Cliffs Inc. will post -0.46 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on CLF. Argus raised shares of Cleveland-Cliffs to a “hold” rating in a research report on Monday, April 6th. JPMorgan Chase & Co. cut their price target on shares of Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Cleveland-Cliffs in a report on Friday, April 24th. Citigroup increased their target price on Cleveland-Cliffs from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Glj Research reaffirmed a “sell” rating and set a $9.42 price target on shares of Cleveland-Cliffs in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $11.49.

Get Our Latest Stock Analysis on CLF

Cleveland-Cliffs 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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