<div id="readability-page-1"><p>Keybank National Association OH bought a new stake in  Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor  bought 50,488 shares of the mining company's stock, valued at approximately $475,000.</p><div><p><span></span><span>Get <strong>Cleveland-Cliffs</strong> alerts:</span></p></div><ul><li>Market Correction Here? These Stocks Are Worth Holding</li></ul><p>A number of other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of  Cleveland-Cliffs by 21.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,723 shares of the mining company's stock valued at $63,000 after purchasing an additional 1,182 shares during the period.  Patriot Financial Group Insurance Agency LLC raised its stake in  Cleveland-Cliffs by 11.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 13,270 shares of the mining company's stock valued at $125,000 after acquiring an additional 1,313 shares during the last quarter.  Strengthening Families &amp; Communities LLC raised its stake in  Cleveland-Cliffs by 299.8% during the 3rd quarter. Strengthening Families &amp; Communities LLC now owns 1,987 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,490 shares during the last quarter.  Private Trust Co. NA raised its stake in  Cleveland-Cliffs by 3.8% during the 3rd quarter. Private Trust Co. NA now owns 40,531 shares of the mining company's stock valued at $518,000 after acquiring an additional 1,500 shares during the last quarter.  Finally, Archer Investment Corp raised its stake in  Cleveland-Cliffs by 25.8% during the 3rd quarter. Archer Investment Corp now owns 7,799 shares of the mining company's stock valued at $100,000 after acquiring an additional 1,600 shares during the last quarter. 67.68% of the stock is owned by institutional investors and hedge funds. </p><h2>Analysts Set New Price Targets</h2><p>CLF has been the subject of several analyst reports. B. Riley  reaffirmed a &#34;buy&#34; rating on shares of Cleveland-Cliffs in a research note on Tuesday, February 4th. The Goldman Sachs Group reduced their price objective on Cleveland-Cliffs from $17.00 to $15.00 and set a &#34;buy&#34; rating for the company in a research note on Tuesday, March 4th. Citigroup reduced their price objective on Cleveland-Cliffs from $12.50 to $11.00 and set a &#34;neutral&#34; rating for the company in a research note on Thursday, December 19th. Morgan Stanley reduced their price objective on Cleveland-Cliffs from $13.00 to $11.00 and set an &#34;equal weight&#34; rating for the company in a research note on Monday, February 3rd. Finally, Glj Research cut their target price on Cleveland-Cliffs from $14.54 to $12.90 and set a &#34;buy&#34; rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, four have issued  a hold rating, four have given a buy rating and one  has issued  a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $16.43.</p><ul><li>Why Smart Investors Are Watching These 3 Undervalued Stocks</li></ul><p><b>Check Out Our Latest Analysis on CLF</b></p><h2>Cleveland-Cliffs Stock Performance</h2><p>Shares of CLF stock opened at $9.79 on Monday. Cleveland-Cliffs Inc. has a 12-month low of $8.99 and a 12-month high of $22.97. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -10.09 and a beta of 1.94. The stock has a 50 day simple moving average of $10.39 and a 200-day simple moving average of $11.53. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. </p><ul><li>Will the Tariff Bump Lead to a Steel Trap?</li></ul><p>Cleveland-Cliffs (NYSE:CLF - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.03). Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.46 billion.  On average, equities analysts forecast that  Cleveland-Cliffs Inc. will post -0.79 EPS for the current year. </p><h2>Insider Activity at Cleveland-Cliffs</h2><p>In other news, EVP Keith Koci acquired 9,500 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $10.81 per share, with a total value of $102,695.00. Following the purchase, the executive vice president now directly owns 543,475 shares of the company's stock, valued at approximately $5,874,964.75. This trade represents a 1.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jane M. Cronin bought 10,000 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average price of $10.56 per share, for a total transaction of $105,600.00. Following the acquisition, the director now owns 24,522 shares in the company, valued at $258,952.32. The trade was a 68.86 % increase in their position. The disclosure for this purchase can be found here. 1.76% of the stock is currently owned by company insiders. </p><h2>Cleveland-Cliffs Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cleveland-Cliffs</li><li>Where Do I Find 52-Week Highs and Lows?</li><li>Institutional Investors Bet $1B on These 4 Stocks—Should You?</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>One Must-Buy Stock and One to Avoid as Tariffs Shake the Market</li><li>How to Calculate Stock Profit </li><li>These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMRg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMRg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cleveland-Cliffs Right Now?</h2><p>Before you consider Cleveland-Cliffs, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cleveland-Cliffs wasn't on the list.</p><p>While Cleveland-Cliffs currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Keybank National Association OH has acquired a new stake in Cleveland-Cliffs Inc. (NYSE:CLF), purchasing 50,488 shares valued at approximately $475,000. Other institutional investors have also increased their positions in the company. Analysts have varied ratings on CLF, with a consensus rating of "Hold" and a target price of $16.43. The stock opened at $9.79, with a 12-month range of $8.99 to $22.97. Cleveland-Cliffs reported a quarterly loss of ($0.68) EPS, missing estimates, and had revenue of $4.33 billion.</p>

Keybank National Association OH Buys New Position in Cleveland-Cliffs Inc. (NYSE:CLF)