Rhumbline Advisers Boosts Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Rhumbline Advisers increased its position in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,006 shares of the utilities provider’s stock after acquiring an additional 8,731 shares during the quarter. Rhumbline Advisers owned about 0.12% of Clean Energy Fuels worth $700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in Clean Energy Fuels during the 3rd quarter valued at approximately $41,000. Zacks Investment Management bought a new position in Clean Energy Fuels during the third quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Clean Energy Fuels by 235.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 12,929 shares during the last quarter. Grassi Investment Management raised its position in Clean Energy Fuels by 74.1% during the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 10,000 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Clean Energy Fuels in the fourth quarter worth $63,000. Institutional investors own 49.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James restated a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. StockNews.com downgraded Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Clean Energy Fuels Stock Down 1.9 %

Clean Energy Fuels stock opened at $1.80 on Friday. Clean Energy Fuels Corp. has a 1-year low of $1.78 and a 1-year high of $3.67. The business has a fifty day moving average price of $2.83 and a 200-day moving average price of $2.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The stock has a market capitalization of $402.49 million, a price-to-earnings ratio of -5.81 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Monday, February 24th. 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 net margin of 17.32% and a negative return on equity of 7.59%. The business had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. During the same period in the previous year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $1.94 per share, with a total value of $29,100.00. Following the acquisition, the chief financial officer now directly owns 458,800 shares in the company, valued at $890,072. This represents a 3.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.60% 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.