Alambic Investment Management L.P. reduced its stake in shares of Clean Energy Fuels Corp (NASDAQ:CLNE) by 41.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,400 shares of the utilities provider’s stock after selling 42,100 shares during the quarter. Alambic Investment Management L.P.’s holdings in Clean Energy Fuels were worth $106,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in Clean Energy Fuels by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 837,133 shares of the utilities provider’s stock valued at $1,959,000 after purchasing an additional 9,710 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Clean Energy Fuels by 38.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 520,975 shares of the utilities provider’s stock valued at $1,219,000 after buying an additional 144,984 shares in the last quarter. AE Wealth Management LLC purchased a new position in shares of Clean Energy Fuels in the 4th quarter worth approximately $26,000. Geode Capital Management LLC raised its stake in shares of Clean Energy Fuels by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,029,822 shares of the utilities provider’s stock worth $4,749,000 after acquiring an additional 53,996 shares in the last quarter. Finally, Creative Planning lifted its position in Clean Energy Fuels by 2.3% during the first quarter. Creative Planning now owns 403,974 shares of the utilities provider’s stock valued at $719,000 after acquiring an additional 9,062 shares during the last quarter. 28.92% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on the company. TheStreet downgraded Clean Energy Fuels from a “c-” rating to a “d+” rating in a research report on Wednesday, March 11th. ValuEngine raised Clean Energy Fuels from a “hold” rating to a “buy” rating in a research report on Wednesday, March 11th. BidaskClub lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, March 4th. Zacks Investment Research cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Raymond James raised shares of Clean Energy Fuels from an “underperform” rating to a “market perform” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.63.
CLNE remained flat at $$2.00 on Friday. The company’s stock had a trading volume of 662,673 shares, compared to its average volume of 886,266. The stock has a market capitalization of $401.85 million, a price-to-earnings ratio of 12.50 and a beta of 1.54. The firm’s fifty day moving average is $1.90 and its 200-day moving average is $2.13. Clean Energy Fuels Corp has a 12 month low of $1.05 and a 12 month high of $3.05. The company has a quick ratio of 1.63, a current ratio of 1.82 and a debt-to-equity ratio of 0.11.
Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Clean Energy Fuels had a return on equity of 6.22% and a net margin of 9.39%. The business had revenue of $86.01 million during the quarter. As a group, equities analysts anticipate that Clean Energy Fuels Corp will post -0.01 earnings per share for the current year.
Clean Energy Fuels Profile
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
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