Quantbot Technologies LP Invests $138,000 in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Quantbot Technologies LP purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,886 shares of the utilities provider’s stock, valued at approximately $138,000.

A number of other hedge funds have also bought and sold shares of CLNE. Connor Clark & Lunn Investment Management Ltd. bought a new position in Clean Energy Fuels during the 3rd quarter worth approximately $236,000. Intech Investment Management LLC bought a new position in Clean Energy Fuels during the third quarter worth $124,000. Charles Schwab Investment Management Inc. lifted its stake in Clean Energy Fuels by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,443,182 shares of the utilities provider’s stock worth $4,488,000 after purchasing an additional 15,737 shares during the last quarter. FMR LLC boosted its holdings in Clean Energy Fuels by 14.8% in the third quarter. FMR LLC now owns 53,546 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 6,884 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Clean Energy Fuels by 167.4% during the third quarter. BNP Paribas Financial Markets now owns 37,224 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 23,301 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLNE has been the topic of a number of recent research reports. Raymond James restated a “strong-buy” rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Insider Activity at Clean Energy Fuels

In related news, CFO Robert M. Vreeland bought 15,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $1.94 per share, with a total value of $29,100.00. Following the purchase, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. This represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 35,000 shares of company stock worth $64,100 in the last three months. 3.60% of the stock is owned by company insiders.

Clean Energy Fuels Stock Performance

CLNE stock opened at $1.62 on Monday. Clean Energy Fuels Corp. has a 1 year low of $1.55 and a 1 year high of $3.67. The stock has a market capitalization of $362.24 million, a price-to-earnings ratio of -5.23 and a beta of 2.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock’s fifty day moving average is $2.51 and its two-hundred day moving average is $2.74.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter last year, the company earned $0.01 EPS. On average, research analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Clean Energy Fuels 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.