Lateef Investment Management LP Has Lifted By $5.74 Million Its Commscope Hldg Co (COMM) Position; Shorts at Cleveland-cliffs (CLF) Raised By 10.53%

June 13, 2018 - By Henry Gaston

CommScope Holding Company, Inc. (NASDAQ:COMM) Logo

Lateef Investment Management Lp increased Commscope Hldg Co Inc (COMM) stake by 22.9% reported in 2018Q1 SEC filing. Lateef Investment Management Lp acquired 147,229 shares as Commscope Hldg Co Inc (COMM)’s stock declined 24.75%. The Lateef Investment Management Lp holds 790,184 shares with $31.58M value, up from 642,955 last quarter. Commscope Hldg Co Inc now has $5.87B valuation. The stock increased 1.04% or $0.315 during the last trading session, reaching $30.555. About 706,578 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 20.27% since June 13, 2017 and is downtrending. It has underperformed by 32.84% the S&P500. Some Historical COMM News: ; 01/05/2018 – CommScope Holding 1Q EPS 17c; 09/04/2018 – COMMSCOPE HOLDING COMPANY INC – FURTHER DETAILS OF AGREEMENT WILL NOT BE DISCLOSED; 15/05/2018 – Columbia Seligman Global Tech Adds CommScope, Exits Zscaler; 15/05/2018 – CommScope Presenting at JPMorgan Conference Tomorrow; 04/05/2018 – COMMSCOPE INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CommScope Holding Company, Inc. – COMM; 04/05/2018 – CommScope Stockholders Approve Proxy Proposals; 20/04/2018 – DJ CommScope Holding Co Inc, Inst Holders, 1Q 2018 (COMM); 01/05/2018 – CommScope Holding Backs FY18 Rev $4.675B-$4.825B; 12/04/2018 – RadioResource: CommScope, Ericsson Complete CBRS Equipment Interoperability Tests; 06/03/2018 Report: Developing Opportunities within Carrizo Oil & Gas, Stryker, National Oilwell Varco, CommScope Holding, Park Hotels & Re

Cleveland-cliffs Inc (NYSE:CLF) had an increase of 10.53% in short interest. CLF’s SI was 46.26M shares in June as released by FINRA. Its up 10.53% from 41.86 million shares previously. With 12.46 million avg volume, 4 days are for Cleveland-cliffs Inc (NYSE:CLF)’s short sellers to cover CLF’s short positions. The SI to Cleveland-cliffs Inc’s float is 15.78%. The stock decreased 1.53% or $0.135 during the last trading session, reaching $8.715. About 11.58 million shares traded or 17.28% up from the average. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 31.89% since June 13, 2017 and is uptrending. It has outperformed by 19.32% the S&P500. Some Historical CLF News: ; 01/05/2018 – TRUMP DECISION TO EXTEND EXEMPTIONS `REASONABLE,’ CLIFFS SAYS; 15/05/2018 – Ray Dalio Joins Hedge Funds Buying Cliffs After Trump Tariffs; 20/04/2018 – CLEVELAND-CLIFFS 1Q LOSS/SHR CONT OPS 29C; 20/04/2018 – Cleveland-Cliffs Forms Golden Cross: Technicals; 20/04/2018 – CLIFFS SAYS U.S. STEEL MARKET STRENGTH IS SUSTAINABLE; 15/05/2018 – Cliffs Become Hedge-Fund Darling, Luring Ray Dalio, Fidelity; 15/05/2018 – Key Group Holdings (Cayman) Buys 2% of Cleveland-Cliffs; 29/03/2018 – CLEVELAND-CLIFFS FILES TO EXCHANGE $1.08B 5.75% SR NTS DUE 2025; 20/03/2018 – CLIFFS: ARTIFICIALLY CHEAP STEEL BENEFITS ONLY A FEW BUSINESSES; 20/04/2018 – CLEVELAND-CLIFFS INC – SEES 2018 U.S. IRON ORE REVENUES FROM PRODUCT SALES AND SERVICES $ 102 – $107 PER LONG TON

Investors sentiment decreased to 0.2 in Q1 2018. Its down 0.80, from 1 in 2017Q4. It turned negative, as 4 investors sold Cleveland-Cliffs Inc. shares while 1 reduced holdings. 1 funds opened positions while 0 raised stakes. 23,300 shares or 77.50% less from 103,571 shares in 2017Q4 were reported. Focused Wealth holds 0.03% in Cleveland-Cliffs Inc. (NYSE:CLF) or 11,300 shares. Wealth Planning Limited Liability Corp holds 0.06% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF) for 12,000 shares.

Among 16 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 6 have Buy rating, 3 Sell and 7 Hold. Therefore 38% are positive. Cliffs Natural Resources Inc had 42 analyst reports since August 4, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 13 report. As per Thursday, January 25, the company rating was maintained by Cowen & Co. Vetr downgraded Cleveland-Cliffs Inc. (NYSE:CLF) on Monday, August 31 to “Hold” rating. The firm earned “Mkt Perform” rating on Monday, November 2 by FBR Capital. The firm earned “Outperform” rating on Friday, June 10 by Macquarie Research. On Tuesday, October 17 the stock rating was maintained by Cowen & Co with “Hold”. The company was initiated on Friday, August 21 by Axiom Capital. The firm has “Market Perform” rating given on Friday, April 29 by Cowen & Co. On Monday, November 20 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. Credit Suisse upgraded the stock to “Buy” rating in Wednesday, February 7 report.

More notable recent Cleveland-Cliffs Inc. (NYSE:CLF) news were published by: Seekingalpha.com which released: “Cleveland-Cliffs Sells Australian Assets” on June 12, 2018, also Streetinsider.com with their article: “Cleveland-Cliffs (CLF) Sells Asia Pacific Iron Ore Business to Mineral Resources Limited” published on June 12, 2018, Businesswire.com published: “Cleveland-Cliffs Inc. Agrees to Sell its Iron Ore Assets in Australia” on June 12, 2018. More interesting news about Cleveland-Cliffs Inc. (NYSE:CLF) were released by: Seekingalpha.com and their article: “Cleveland-Cliffs At $9, What’s Next?” published on May 17, 2018 as well as Finance.Yahoo.com‘s news article titled: “US Steel Corporation Is Primed for a Massive Breakout” with publication date: June 13, 2018.

Since March 6, 2018, it had 1 buy, and 1 insider sale for $48,794 activity. GREEN SUSAN MIRANDA had sold 11,305 shares worth $86,172 on Tuesday, March 6. Rychel Eric M bought $37,378 worth of Cleveland-Cliffs Inc. (NYSE:CLF) on Friday, April 27.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.60 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 8.44 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More recent CommScope Holding Company, Inc. (NASDAQ:COMM) news were published by: Livetradingnews.com which released: “CommScope Holding Company, Inc. (NASDAQ:COMM) Watching to Buy at $25.00” on June 06, 2018. Also Benzinga.com published the news titled: “The Week Ahead: Central Bank Bonanza, AT&T Court Ruling, North Korea Summit” on June 11, 2018. Seekingalpha.com‘s news article titled: “Stocks To Watch: Focus On E3, IHopb And The World Cup” with publication date: June 09, 2018 was also an interesting one.

Lateef Investment Management Lp decreased Facebook Inc (NASDAQ:FB) stake by 283,275 shares to 7,096 valued at $1.13M in 2018Q1. It also reduced Northern Tr Corp (NASDAQ:NTRS) stake by 5,429 shares and now owns 3,668 shares. Keysight Technologies Inc (NYSE:KEYS) was reduced too.

CommScope Holding Company, Inc. (NASDAQ:COMM) Institutional Positions Chart

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