Cambridge Investment Research Advisors Inc. Sells 11,118 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Cambridge Investment Research Advisors Inc. decreased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 22.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,795 shares of the utilities provider’s stock after selling 11,118 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Clean Energy Fuels were worth $59,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its position in shares of Clean Energy Fuels by 1,635.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider’s stock valued at $1,829,000 after purchasing an additional 692,318 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Clean Energy Fuels by 56.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider’s stock valued at $3,117,000 after acquiring an additional 450,143 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Clean Energy Fuels in the fourth quarter worth about $870,000. Millennium Management LLC raised its stake in Clean Energy Fuels by 41.2% in the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after buying an additional 335,694 shares in the last quarter. Finally, Natixis bought a new position in Clean Energy Fuels in the fourth quarter worth about $821,000. Institutional investors own 49.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CLNE. Scotiabank cut their price objective on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the company a “buy” rating in a report on Sunday, April 13th. Finally, Lake Street Capital cut their price target on shares of Clean Energy Fuels from $22.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.75.

Clean Energy Fuels Stock Down 5.4%

Shares of Clean Energy Fuels stock opened at $2.11 on Wednesday. The company has a quick ratio of 2.50, a current ratio of 2.82 and a debt-to-equity ratio of 0.45. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The company has a market cap of $466.27 million, a price-to-earnings ratio of -2.40 and a beta of 2.63. The company’s 50 day moving average is $1.93 and its 200 day moving average is $2.13.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.21. The firm had revenue of $103.76 million for the quarter, compared to the consensus estimate of $96.61 million. Clean Energy Fuels had a negative net margin of 47.99% and a negative return on equity of 26.37%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS. Research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.