J.W. Cole Advisors Inc. Has $295,000 Stock Holdings in Cleveland-Cliffs Inc. (NYSE:CLF)

J.W. Cole Advisors Inc. lifted its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF) by 16.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,365 shares of the mining company’s stock after buying an additional 4,500 shares during the period. J.W. Cole Advisors Inc.’s holdings in Cleveland-Cliffs were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CLF. Creative Planning boosted its stake in shares of Cleveland-Cliffs by 2.6% in the 3rd quarter. Creative Planning now owns 121,908 shares of the mining company’s stock valued at $1,557,000 after purchasing an additional 3,147 shares in the last quarter. Blue Trust Inc. grew its holdings in Cleveland-Cliffs by 231.9% during the 3rd quarter. Blue Trust Inc. now owns 3,634 shares of the mining company’s stock worth $46,000 after acquiring an additional 2,539 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Cleveland-Cliffs in the third quarter valued at $327,000. Signaturefd LLC raised its position in Cleveland-Cliffs by 138.8% during the 3rd quarter. Signaturefd LLC now owns 8,682 shares of the mining company’s stock worth $111,000 after purchasing an additional 5,047 shares during the last quarter. Finally, Eastern Bank bought a new position in Cleveland-Cliffs during the 3rd quarter worth $64,000. 67.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLF. Citigroup decreased their price target on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 target price on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group initiated coverage on Cleveland-Cliffs in a research note on Monday, December 2nd. They set a “buy” rating and a $16.00 target price for the company. StockNews.com lowered shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley decreased their price target on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.68.

Cleveland-Cliffs Trading Up 1.1 %

NYSE:CLF opened at $11.98 on Friday. Cleveland-Cliffs Inc. has a one year low of $8.99 and a one year high of $22.97. The company has a market cap of $5.91 billion, a PE ratio of -12.35 and a beta of 1.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 0.55. The firm has a 50-day moving average of $10.19 and a 200-day moving average of $11.74.

Cleveland-Cliffs Profile

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.