Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,680 shares of the utilities provider’s stock after selling 12,100 shares during the period. Los Angeles Capital Management LLC’s holdings in Clean Energy Fuels were worth $332,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Clean Energy Fuels during the third quarter valued at $31,000. Tidal Investments LLC bought a new position in Clean Energy Fuels during the first quarter valued at about $33,000. DRW Securities LLC bought a new position in Clean Energy Fuels during the second quarter valued at about $38,000. Algert Global LLC bought a new position in Clean Energy Fuels during the second quarter valued at about $45,000. Finally, Sei Investments Co. bought a new position in Clean Energy Fuels during the second quarter valued at about $74,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CLNE shares. Scotiabank raised their target price on 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 raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $5.38.

Clean Energy Fuels Trading Down 7.3 %

NASDAQ:CLNE opened at $2.65 on Monday. The company has a quick ratio of 2.59, a current ratio of 3.06 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 firm has a market capitalization of $592.17 million, a price-to-earnings ratio of -8.55 and a beta of 2.12. The stock has a fifty day simple moving average of $2.95 and a 200 day simple moving average of $2.81.

Clean Energy Fuels (NASDAQ:CLNE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $104.90 million during the quarter, compared to analyst estimates of $100.64 million. During the same quarter last year, the company posted ($0.12) EPS. Clean Energy Fuels’s revenue for the quarter was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share 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.