Cliffs Natural Resources: Exec Insiders and Funds Buying Shares in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Cliffs Natural Resources Inc. (NYSE:CLF).

SEC data indicate these insiders have bought Cliffs Natural Resources Inc.’s stock since 06/30/2011:

  • Tompkins P Kelly: act as EVP Legal Govt. Aff.& Sustain.. On 08/01/2011, bought 2,500 shares, worth $222,900.
  • Ross Richard Andrew: act as Director. On 08/10/2011, bought 1,500 shares, worth $107,600.
  • Gluski Andres: act as Director. On 08/01/2011, bought 1,130 shares, worth $99,900.

SEC data indicate that these institutions significantly increased their stock shares of Cliffs Natural Resources Inc. in Q3 2011:

  • EUCLID ADVISORS LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 216,000 shares, worth $11,009,520.
  • ADAGE CAPITAL PARTNERS GP LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 200,635 shares, worth $10,226,366.
  • BLUECREST CAPITAL MANAGEMENT LLP: On 06/30/2011, held 0 shares. On 09/30/2011, held 191,600 shares, worth $9,765,852.
  • RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 179,300 shares, worth $9,138,921.
  • IONIC CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 129,214 shares, worth $6,586,038.

About the company: Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

Competitors to Watch: Vale (NYSE:VALE), ArcelorMittal (NYSE:MT), Consolidated Thompson Iron Mines Ltd. (AMEX:CLM), Anglo American plc (AAUKY), Great Northern Iron Ore Properties (NYSE:GNI), AK Steel Holding Corp. (NYSE:AKS), BHP Billiton plc (NYSE:BBL), BHP Billiton Limited (NYSE:BHP), United States Steel Corp. (NYSE:X), and Mesabi Trust (NYSE:MSB).

(Note: Data regarding Cliffs Natural Resources Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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