Turner Investments LLC cut its stake in shares of Cliffs Natural Resources Inc. (NYSE:CLF) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,210 shares of the mining company’s stock after selling 17,400 shares during the period. Turner Investments LLC’s holdings in Cliffs Natural Resources were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CLF. Alps Advisors Inc. increased its position in Cliffs Natural Resources by 0.3% in the second quarter. Alps Advisors Inc. now owns 52,796 shares of the mining company’s stock valued at $365,000 after buying an additional 137 shares in the last quarter. Nuveen Asset Management LLC increased its position 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 in the last quarter. Teacher Retirement System of Texas increased its position in Cliffs Natural Resources by 3.8% in the second quarter. Teacher Retirement System of Texas now owns 22,601 shares of the mining company’s stock valued at $156,000 after buying an additional 824 shares in the last quarter. Montgomery Investment Management Inc. increased its position 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 in the last quarter. Finally, Stratos Wealth Partners LTD. increased its position 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 in the last quarter. Institutional investors own 65.23% of the company’s stock.

Cliffs Natural Resources Inc. (NYSE:CLF) opened at 7.40 on Monday. Cliffs Natural Resources Inc. has a 12-month low of $4.91 and a 12-month high of $12.37. The company’s 50-day moving average is $7.33 and its 200 day moving average is $7.75. The stock has a market capitalization of $2.19 billion, a PE ratio of 33.94 and a beta of 1.69.

Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Thursday, July 27th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $569.30 million during the quarter, compared to analyst estimates of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. Cliffs Natural Resources’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. On average, analysts predict that Cliffs Natural Resources Inc. will post $0.94 EPS for the current year.

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CLF has been the subject of a number of research reports. BidaskClub raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. FBR & Co set a $10.00 target price on shares of Cliffs Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Clarkson Capital reaffirmed a “neutral” rating on shares of Cliffs Natural Resources in a report on Thursday, July 27th. ValuEngine cut shares of Cliffs Natural Resources from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Cliffs Natural Resources currently has an average rating of “Hold” and an average target price of $8.50.

In related news, Chairman Lourenco Goncalves purchased 100,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $7.19 per share, for a total transaction of $719,000.00. Following the transaction, the chairman now owns 3,486,970 shares of the company’s stock, valued at $25,071,314.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

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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Institutional Ownership by Quarter for Cliffs Natural Resources (NYSE:CLF)

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