Maple Rock Capital Partners Inc. Decreases Stock Position in Cleveland-Cliffs Inc. $CLF

Posted by George Bondi on Sep 1st, 2026

Cleveland-Cliffs logo Maple Rock Capital Partners Inc. lessened its holdings in Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) by 85.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,083,157 shares of the mining company’s stock after selling 17,662,400 shares during the quarter. Maple Rock Capital Partners Inc.’s holdings in Cleveland-Cliffs were worth $28,951,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CLF. Headlands Technologies LLC acquired a new position in shares of Cleveland-Cliffs during the second quarter valued at about $636,000. Senator Investment Group LP purchased a new position in shares of Cleveland-Cliffs in the 2nd quarter valued at approximately $25,743,000. Northwestern Mutual Wealth Management Co. boosted its stake in Cleveland-Cliffs by 9.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,685 shares of the mining company’s stock worth $513,000 after purchasing an additional 4,630 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cleveland-Cliffs by 6.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,258,756 shares of the mining company’s stock worth $11,820,000 after purchasing an additional 73,630 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Cleveland-Cliffs by 3.8% during the 2nd quarter. Van ECK Associates Corp now owns 299,900 shares of the mining company’s stock worth $2,816,000 after purchasing an additional 10,938 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CLF shares. 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 research note on Wednesday, July 15th. Citigroup reiterated a “positive” rating on shares of Cleveland-Cliffs in a research note on Friday, July 24th. Glj Research raised shares of 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Cleveland-Cliffs in a research report on Tuesday, July 21st. Finally, Bank of America reduced their target price on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.96.

View Our Latest Analysis on Cleveland-Cliffs

Insider Activity at Cleveland-Cliffs

In other news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is owned by company insiders.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF opened at $11.55 on Tuesday. The business’s 50 day moving average price is $10.88 and its 200 day moving average price is $10.66. The firm has a market cap of $6.59 billion, a P/E ratio of -7.13 and a beta of 2.09. Cleveland-Cliffs Inc. has a 52 week low of $7.73 and a 52 week high of $16.70. The company has a quick ratio of 0.63, a current ratio of 1.89 and a debt-to-equity ratio of 1.32.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last posted 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 net margin of 4.56% and a negative return on equity of 13.37%. The company had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the firm posted ($0.50) EPS. Cleveland-Cliffs’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Cleveland-Cliffs Inc. will post -0.11 earnings per share for the current year.

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.