Mizuho Securities Usa Exits Position in Cliffs Natural Resources Inc (CLF)

Cliffs Natural Resources Inc (CLF) : Mizuho Securities Usa has sold out all of its stake in Cliffs Natural Resources Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 237,200 shares of Cliffs Natural Resources Inc which is valued at $1,024,704.

Cliffs Natural Resources Inc opened for trading at $3.85 and hit $4.34 on the upside on Wednesday, eventually ending the session at $4.31, with a gain of 10.51% or 0.41 points. The heightened volatility saw the trading volume jump to 1,11,72,101 shares. Company has a market cap of $776 M.

Other Hedge Funds, Including , New Century Advisors reduced its stake in CLF by selling 270,000 shares or 96.77% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of CLF which is valued at $38,880. Cliffs Natural Resources Inc makes up approx 0.05% of New Century Advisors’s portfolio. Beacon Capital Management added CLF to its portfolio by purchasing 452 company shares during the most recent quarter which is valued at $1,953. Blb&b Advisors sold out all of its stake in CLF during the most recent quarter. The investment firm sold 11,051 shares of CLF which is valued $47,740.Benjamin F. Edwards Company reduced its stake in CLF by selling 538 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 16,359 shares of CLF which is valued at $67,072. Cliffs Natural Resources Inc makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio. Integral Derivatives sold out all of its stake in CLF during the most recent quarter. The investment firm sold 15,187 shares of CLF which is valued $62,267.

On the company’s financial health, Cliffs Natural Resources Inc reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus of $-0.31. The company had revenue of $476.00 million for the quarter, compared to analysts expectations of $499.08 million. The company’s revenue was down -53.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Cliffs Natural Resources Inc. Cliffs Natural Resources Inc was Initiated by Credit Suisse to “Underperform” on Mar 11, 2016. Shares were Reiterated by Deutsche Bank on Feb 5, 2016 to “Sell” and Lowered the Price Target to $ 1 from a previous price target of $1.50 .

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 also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore Asia Pacific Iron Ore and North American Coal. In the United States it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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