Cliffs Natural Resources: Exec Insiders and Funds Selling Stock 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 decreased stock shares of Cliffs Natural Resources Inc. (NYSE:CLF).

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

  • Gallagher Donald J: act as EVP, Pres. Global Commercial. On 08/30/2011, sold 10,000 shares, worth $821,900.
  • Carrabba Joseph A: act as Chairman, Pres. & CEO. On 09/09/2011, sold 10,000 shares, worth $795,900.
  • Carrabba Joseph A: act as Chairman, Pres. & CEO. On 09/15/2011, sold 10,000 shares, worth $783,500.
  • Carrabba Joseph A: act as Chairman, Pres. & CEO. On 09/19/2011, sold 10,000 shares, worth $764,500.
  • Carrabba Joseph A: act as Chairman, Pres. & CEO. On 09/13/2011, sold 10,000 shares, worth $758,700.

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

  • FIRST EAGLE INVESTMENT MANAGEMENT, LLC: On 06/30/2011, held 375,641 shares, worth $34,461,305. On 09/30/2011, held 0 shares.
  • NORTHCOAST ASSET MANAGEMENT LLC: On 06/30/2011, held 364,769 shares, worth $33,463,908. On 09/30/2011, held 0 shares.
  • EDOMA PARTNERS LLP: On 06/30/2011, held 339,000 shares, worth $31,099,860. On 09/30/2011, held 0 shares.
  • MARVIN & PALMER ASSOCIATES INC: On 06/30/2011, held 313,200 shares, worth $28,732,968. On 09/30/2011, held 0 shares.
  • JACOBS LEVY EQUITY MANAGEMENT INC: On 06/30/2011, held 234,110 shares, worth $21,477,251. On 09/30/2011, held 0 shares.

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.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>