Cleveland-Cliffs: Q2 Earnings Snapshot
CUYAHOGA COUNTY, OHIO, JUL 21 – Mutual of America Capital Management LLC reduced its holdings by 19.6% amid Cleveland-Cliffs’ mixed analyst ratings and recent financial losses, reflecting portfolio adjustments.
- In a recent SEC filing, Mutual of America Capital Management LLC reduced its stake by 19.60%, an SEC filing shows.
- In the SEC filing, James D. Graham sold 120,000 shares on Friday, May 23rd at $6.85, raising $822,000, an SEC filing shows.
- Cleveland-Cliffs Inc., North America’s largest flat-rolled steel and iron ore pellet producer, shares opened at $9.51 on Friday, with 67.68% held by institutional investors.
- In research notes, JPMorgan Chase & Co. reaffirmed a neutral rating with a $7.50 price target on Monday, July 14th, while Morgan Stanley issued an equal weight rating with an $8.00 target on Friday, June 20th.
- Looking ahead, trade enforcement measures and a 50% tariff on pig iron starting August 1, drive lows in steel and vehicle imports as of April 2025.
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Cleveland-Cliffs Inc. (NYSE:CLF) Position Reduced by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC lowered its stake in Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,140 shares of the mining company’s stock after selling 6,564 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Cleveland-Cliffs worth $2,048,000 as of its most recent…
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