Rhumbline Advisers Sells 14,275 Shares of Clean Energy Fuels Corp. $CLNE

Rhumbline Advisers lessened its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,731 shares of the utilities provider’s stock after selling 14,275 shares during the period. Rhumbline Advisers owned 0.12% of Clean Energy Fuels worth $410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Clean Energy Fuels by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider’s stock worth $245,000 after purchasing an additional 4,215 shares in the last quarter. Millennium Management LLC boosted its stake in Clean Energy Fuels by 41.2% in the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider’s stock worth $2,886,000 after purchasing an additional 335,694 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Clean Energy Fuels by 32.1% in the 4th quarter. Nuveen Asset Management LLC now owns 648,306 shares of the utilities provider’s stock worth $1,627,000 after purchasing an additional 157,378 shares in the last quarter. ProShare Advisors LLC boosted its stake in Clean Energy Fuels by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 48,076 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 15,819 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Clean Energy Fuels by 93.3% in the 4th quarter. Two Sigma Investments LP now owns 448,096 shares of the utilities provider’s stock worth $1,125,000 after purchasing an additional 216,278 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 target price for the company. in a research report on Friday, August 8th. UBS Group reissued a “buy” rating and issued a $2.75 target price (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $3.59.

Clean Energy Fuels Trading Up 1.1%

Shares of NASDAQ:CLNE opened at $2.69 on Thursday. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $1.97. The company has a market cap of $589.89 million, a PE ratio of -2.99 and a beta of 2.70. The company has a current ratio of 2.83, a quick ratio of 2.51 and a debt-to-equity ratio of 0.47. Clean Energy Fuels Corp. has a 12-month low of $1.30 and a 12-month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The business had revenue of $102.61 million during the quarter, compared to the consensus estimate of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. As a group, equities research analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Barclay Corbus sold 105,300 shares of Clean Energy Fuels stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total transaction of $276,939.00. Following the completion of the sale, the senior vice president directly owned 1,061,248 shares in the company, valued at approximately $2,791,082.24. This trade represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.30% of the company’s stock.

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.