Moors & Cabot Inc. Has $832,000 Stock Position in Clean Energy Fuels Corp. $CLNE

Moors & Cabot Inc. grew its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 6.4% in the second quarter, HoldingsChannel reports. The fund owned 426,795 shares of the utilities provider’s stock after buying an additional 25,500 shares during the period. Moors & Cabot Inc.’s holdings in Clean Energy Fuels were worth $832,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Byrne Asset Management LLC acquired a new stake in Clean Energy Fuels in the 2nd quarter worth about $42,000. Aigen Investment Management LP bought a new position in shares of Clean Energy Fuels during the first quarter worth approximately $36,000. Teacher Retirement System of Texas acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at approximately $38,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at approximately $51,000. Finally, CWM LLC boosted its stake in shares of Clean Energy Fuels by 820.1% in the first quarter. CWM LLC now owns 34,126 shares of the utilities provider’s stock valued at $53,000 after buying an additional 30,417 shares during the period. 49.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Energy Fuels

In related news, SVP Barclay Corbus sold 105,300 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total transaction of $276,939.00. Following the sale, the senior vice president owned 1,061,248 shares in the company, valued at $2,791,082.24. The trade was a 9.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating and issued a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price objective for the company. in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.59.

Clean Energy Fuels Price Performance

CLNE stock opened at $2.39 on Friday. The stock has a market cap of $524.10 million, a price-to-earnings ratio of -2.66 and a beta of 2.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.83 and a quick ratio of 2.51. The company has a 50 day simple moving average of $2.67 and a 200 day simple moving average of $2.22. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Tuesday, November 4th. The utilities provider reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $106.14 million for the quarter, compared to analyst estimates of $100.98 million. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.02 earnings per share. Research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

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.