Landscape Capital Management L.L.C. Takes $960,000 Position in Cleveland-Cliffs Inc. $CLF

Landscape Capital Management L.L.C. purchased a new stake in Cleveland-Cliffs Inc. (NYSE:CLF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 102,275 shares of the mining company’s stock, valued at approximately $960,000.

Other institutional investors have also modified their holdings of the company. Robinhood Asset Management LLC acquired a new stake in Cleveland-Cliffs during the second quarter worth approximately $10,805,000. JB Capital Partners LP acquired a new stake in shares of Cleveland-Cliffs during the second quarter worth $106,577,000. Allworth Financial LP purchased a new stake in Cleveland-Cliffs in the 2nd quarter valued at about $78,000. Johnson Financial Group Inc. purchased a new stake in Cleveland-Cliffs in the second quarter valued at approximately $30,000. Finally, First National Bank of Omaha acquired a new position in Cleveland-Cliffs during the second quarter worth approximately $7,423,000. Institutional investors and hedge funds own 67.68% of the company’s stock.

Cleveland-Cliffs Trading Up 0.2%

CLF opened at $11.29 on Monday. The firm’s 50 day moving average is $11.02 and its 200-day moving average is $10.75. 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. The firm has a market capitalization of $6.44 billion, a P/E ratio of -6.97 and a beta of 2.09.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.01. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.15 billion. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.50) earnings per share. Analysts expect that Cleveland-Cliffs Inc. will post -0.11 EPS 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 company’s 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 directly owned 184,542 shares of the company’s stock, valued at $2,474,708.22. This represents a 53.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.95% of the stock is owned by corporate insiders.

Key Headlines Impacting 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.

Analyst Ratings Changes

A number of equities analysts have weighed in on CLF shares. Citigroup reiterated a “positive” rating on shares of Cleveland-Cliffs in a report on Friday, July 24th. Glj Research upgraded Cleveland-Cliffs from a “hold” rating to a “buy” rating and lifted their target price for the company from $15.01 to $15.60 in a report on Friday, July 24th. Morgan Stanley reissued an “equal weight” rating and set a $12.50 price target (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd. Wells Fargo & Company restated a “positive” rating on shares of Cleveland-Cliffs in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cleveland-Cliffs in a report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.86.

About Cleveland-Cliffs

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.