Landscape Capital Management L.L.C. Buys Shares of 102,275 Cleveland-Cliffs Inc. $CLF

Landscape Capital Management L.L.C. purchased a new position in shares of Cleveland-Cliffs Inc. (NYSE:CLFFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 102,275 shares of the mining company’s stock, valued at approximately $960,000.

A number of other hedge funds have also made changes to their positions in CLF. BlackRock Inc. acquired a new stake in Cleveland-Cliffs in the second quarter valued at $522,766,000. Vanguard Group Inc. increased its position in shares of Cleveland-Cliffs by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 54,391,397 shares of the mining company’s stock worth $722,318,000 after purchasing an additional 6,447,462 shares during the last quarter. State Street Corp increased its position in shares of Cleveland-Cliffs by 14.2% in the 4th quarter. State Street Corp now owns 29,278,156 shares of the mining company’s stock worth $388,814,000 after purchasing an additional 3,632,150 shares during the last quarter. Castle Hook Partners LP raised its stake in shares of Cleveland-Cliffs by 572.4% in the 4th quarter. Castle Hook Partners LP now owns 18,083,029 shares of the mining company’s stock valued at $240,143,000 after purchasing an additional 15,393,507 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cleveland-Cliffs by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,489,207 shares of the mining company’s stock valued at $130,873,000 after purchasing an additional 925,031 shares in the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

Trending Headlines about Cleveland-Cliffs

Here are the key news stories impacting Cleveland-Cliffs this week:

  • Positive Sentiment: Federal funding reduces the cost of the upgrade. The U.S. Department of Energy established a framework to rescope its previously awarded $500 million grant, supporting a $1 billion Middletown Works investment. Cleveland-Cliffs and the DOE are expected to fund the project equally, improving the economics of the plant modernization. Cleveland-Cliffs Announces $1 Billion Middletown Works Investment
  • Positive Sentiment: The investment could strengthen Cleveland-Cliffs’ U.S. steel competitiveness. The project is intended to advance the company’s steel modernization strategy, potentially improving the efficiency and long-term viability of a key Ohio facility while supporting domestic steel production. Cleveland-Cliffs Advances Steel Modernization Strategy
  • Positive Sentiment: Political support added to the catalyst. Coverage highlighted backing from Vice President JD Vance, reinforcing expectations that the project aligns with U.S. industrial-policy and domestic manufacturing priorities. Cleveland-Cliffs Stock Gets a JD Vance Boost
  • Neutral Sentiment: Execution remains a consideration. The DOE framework still requires Cleveland-Cliffs to finalize negotiations and implementation plans, so the timing, final terms and ultimate financial benefits are not yet certain. Cleveland-Cliffs to Match $500 Million DOE Grant
  • Negative Sentiment: Investors remain aware of CLF’s volatility and financial pressure. The stock recently experienced a sharp decline, while Cleveland-Cliffs continues to report negative profitability metrics and carries substantial leverage. These factors could limit the durability of the positive reaction if steel-market conditions weaken.

Cleveland-Cliffs Stock Performance

Shares of CLF stock opened at $11.29 on Monday. Cleveland-Cliffs Inc. has a 12-month low of $7.73 and a 12-month high of $16.70. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of -6.97 and a beta of 2.09. The business has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $10.75. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.89 and a quick ratio of 0.63.

Cleveland-Cliffs (NYSE:CLFGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.01. Cleveland-Cliffs had a negative return on equity of 13.37% and a negative net margin of 4.56%.The company had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the firm posted ($0.50) EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts anticipate that Cleveland-Cliffs Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CLF shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cleveland-Cliffs in a research report on Tuesday, July 21st. Glj Research raised Cleveland-Cliffs from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.01 to $15.60 in a report on Friday, July 24th. Barclays upped their price objective on Cleveland-Cliffs from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Cleveland-Cliffs in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.86.

Check Out Our Latest Report on Cleveland-Cliffs

Insiders Place Their Bets

In related news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $13.41, for a total value of $2,873,870.28. Following the completion of the transaction, the executive vice president owned 184,542 shares in the company, valued at $2,474,708.22. This represents a 53.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.95% of the stock is owned by insiders.

About Cleveland-Cliffs

(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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Want to see what other hedge funds are holding CLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cleveland-Cliffs Inc. (NYSE:CLFFree Report).

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

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