Barnett & Company Inc. lowered its stake in shares of Cliffs Natural Resources Inc. (NYSE:CLF) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 23,505 shares of the mining company’s stock after selling 2,532 shares during the period. Barnett & Company Inc.’s holdings in Cliffs Natural Resources were worth $163,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in Cliffs Natural Resources by 1.2% in the first quarter. Nuveen Asset Management LLC now owns 13,974 shares of the mining company’s stock valued at $115,000 after buying an additional 164 shares during the period. Montgomery Investment Management Inc. boosted its stake in Cliffs Natural Resources by 3.2% in the first quarter. Montgomery Investment Management Inc. now owns 48,800 shares of the mining company’s stock valued at $400,000 after buying an additional 1,500 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Cliffs Natural Resources by 16.1% in the first quarter. Stratos Wealth Partners LTD. now owns 17,871 shares of the mining company’s stock valued at $147,000 after buying an additional 2,480 shares during the period. Driehaus Capital Management LLC boosted its stake in Cliffs Natural Resources by 13.3% in the first quarter. Driehaus Capital Management LLC now owns 31,217 shares of the mining company’s stock valued at $256,000 after buying an additional 3,668 shares during the period. Finally, Sei Investments Co. boosted its stake in Cliffs Natural Resources by 28.8% in the first quarter. Sei Investments Co. now owns 17,819 shares of the mining company’s stock valued at $146,000 after buying an additional 3,980 shares during the period. 66.58% of the stock is currently owned by institutional investors.
Cliffs Natural Resources Inc. (NYSE CLF) opened at 7.65 on Monday. Cliffs Natural Resources Inc. has a 52-week low of $4.91 and a 52-week high of $12.37. The stock’s 50 day moving average price is $6.94 and its 200-day moving average price is $7.88. The stock has a market capitalization of $2.27 billion, a PE ratio of 35.09 and a beta of 1.69.
Cliffs Natural Resources (NYSE:CLF) last issued its earnings results on Thursday, July 27th. The mining company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The firm had revenue of $569.30 million for the quarter, compared to the consensus estimate of $485.93 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts expect that Cliffs Natural Resources Inc. will post $0.91 EPS for the current fiscal year.
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Several research firms recently commented on CLF. BidaskClub raised Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. FBR & Co set a $10.00 price objective on Cliffs Natural Resources and gave the company a “buy” rating in a research report on Saturday, June 17th. Clarkson Capital reaffirmed a “neutral” rating on shares of Cliffs Natural Resources in a research report on Thursday, July 27th. ValuEngine cut Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.50.
Cliffs Natural Resources Company Profile
Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S.
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