Connor Clark & Lunn Investment Management Ltd. Buys Shares of 75,747 Clean Energy Fuels Corp. (NASDAQ:CLNE)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 75,747 shares of the utilities provider’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Clean Energy Fuels by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock worth $27,071,000 after purchasing an additional 100,271 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Clean Energy Fuels by 1.5% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,145,976 shares of the utilities provider’s stock worth $22,224,000 after buying an additional 102,400 shares during the period. SIR Capital Management L.P. lifted its holdings in Clean Energy Fuels by 9.8% during the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after buying an additional 246,600 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Clean Energy Fuels by 11.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 642,202 shares of the utilities provider’s stock valued at $1,715,000 after buying an additional 66,523 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Clean Energy Fuels by 6.8% in the second quarter. Clearbridge Investments LLC now owns 462,022 shares of the utilities provider’s stock worth $1,234,000 after acquiring an additional 29,400 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Down 2.5 %

Shares of NASDAQ CLNE opened at $3.08 on Monday. The business has a 50-day moving average of $2.93 and a two-hundred day moving average of $2.84. The company has a market capitalization of $688.26 million, a price-to-earnings ratio of -9.94 and a beta of 2.12. Clean Energy Fuels Corp. has a 1 year low of $2.17 and a 1 year high of $4.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. On average, analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

CLNE has been the topic of several analyst reports. Scotiabank increased their price objective on Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research note on Tuesday, September 3rd. StockNews.com raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $5.38.

Clean Energy Fuels Company Profile

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.