Kinetic Partners Management LP Purchases New Shares in Cleveland-Cliffs Inc. $CLF

Posted by Brian Himes on Aug 26th, 2026

Cleveland-Cliffs logo Kinetic Partners Management LP purchased a new stake in Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,018,200 shares of the mining company’s stock, valued at approximately $56,511,000. Cleveland-Cliffs comprises about 1.3% of Kinetic Partners Management LP’s portfolio, making the stock its 20th largest holding. Kinetic Partners Management LP owned 1.05% of Cleveland-Cliffs at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Cleveland-Cliffs during the fourth quarter valued at approximately $25,000. Center for Financial Planning Inc. boosted its holdings in shares of Cleveland-Cliffs by 119.0% in the 1st quarter. Center for Financial Planning Inc. now owns 3,322 shares of the mining company’s stock worth $28,000 after purchasing an additional 1,805 shares during the period. IFP Advisors Inc increased its position in shares of Cleveland-Cliffs by 117.5% during the 4th quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Cleveland-Cliffs during the 2nd quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Cleveland-Cliffs by 94.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock valued at $33,000 after buying an additional 1,214 shares during the period. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs News Summary

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

Positive Sentiment: Trade tensions support domestic steelmakers: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, encouraging investors to favor U.S. producers such as Cleveland-Cliffs. Higher barriers to imported steel could improve domestic pricing and demand, although the policy outlook remains volatile. U.S.-Canada trade talks article
Positive Sentiment: $1 billion Middletown Works upgrade: Cleveland-Cliffs plans to modernize its Ohio facility, with approximately $500 million, or half the project cost, supported by the U.S. Department of Energy. The investment is expected to improve efficiency and help protect about 2,300 jobs. Its auto-sector exposure could also benefit as automakers increasingly seek domestic steel supplies. DOE support article
Neutral Sentiment: Wells Fargo raised its price target: The firm increased its target from $11 to $12 while maintaining an “equal weight” rating, signaling modest potential upside but no strong change in its investment view. Benzinga analyst action
Neutral Sentiment: Capital returns have not solved the valuation problem: A recent review highlighted roughly $2.5 billion in cumulative payouts to shareholders, but CLF’s stock has remained a laggard. This underscores that dividends and buybacks have provided limited support while steel-market performance and balance-sheet concerns remain central. Trefis payout analysis
Negative Sentiment: Financial risks remain: Cleveland-Cliffs remains unprofitable, more leveraged than some domestic peers and dependent on a cyclical automotive market. Benefits from the Middletown project may take years to materialize, leaving near-term results sensitive to steel prices, demand and execution.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America lowered their price target on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.00 target price on shares of Cleveland-Cliffs in a research note on Friday, May 1st. Barclays lifted their price target on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cleveland-Cliffs in a research report on Tuesday, July 21st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $12.50 price objective (up from $12.00) on shares of Cleveland-Cliffs in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.96.

View Our Latest Report on Cleveland-Cliffs

Cleveland-Cliffs Trading Up 2.0%

Shares of NYSE CLF opened at $11.53 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.89 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.71. The firm has a market cap of $6.58 billion, a PE ratio of -7.12 and a beta of 2.09. Cleveland-Cliffs Inc. has a twelve month low of $7.73 and a twelve month high of $16.70.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.01. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The business 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 business posted ($0.50) EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts expect that Cleveland-Cliffs Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,474,708.22. This trade represents a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.95% of the stock is owned by company insiders.

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.