Clean Energy Fuels Corp. (NASDAQ:CLNE) Holdings Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 542,417 shares of the utilities provider’s stock after selling 43,078 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Clean Energy Fuels worth $1,687,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CLNE. SIR Capital Management L.P. boosted its holdings in Clean Energy Fuels by 9.8% during the second quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock valued at $7,381,000 after acquiring an additional 246,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Clean Energy Fuels by 21.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,841 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 11,534 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Clean Energy Fuels in the 3rd quarter valued at approximately $236,000. SG Americas Securities LLC increased its position in Clean Energy Fuels by 411.7% in the 2nd quarter. SG Americas Securities LLC now owns 149,943 shares of the utilities provider’s stock worth $400,000 after buying an additional 120,639 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Clean Energy Fuels by 49.1% during the second quarter. AQR Capital Management LLC now owns 234,235 shares of the utilities provider’s stock worth $625,000 after buying an additional 77,170 shares during the last quarter. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Stock Performance

NASDAQ CLNE opened at $2.75 on Tuesday. The firm has a market cap of $614.51 million, a price-to-earnings ratio of -8.87 and a beta of 2.14. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 1-year low of $2.17 and a 1-year high of $4.13. The company has a 50 day moving average of $2.88 and a 200-day moving average of $2.85.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CLNE shares. Scotiabank increased their target price on shares of 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 downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

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.