Coppell Advisory Solutions LLC Acquires 692,318 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Coppell Advisory Solutions LLC boosted its position in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 1,635.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 734,640 shares of the utilities provider's stock after buying an additional 692,318 shares during the quarter. Coppell Advisory Solutions LLC owned approximately 0.33% of Clean Energy Fuels worth $1,829,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CLNE. JPMorgan Chase & Co. increased its stake in Clean Energy Fuels by 309.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock valued at $2,271,000 after buying an additional 551,896 shares during the last quarter. Natixis bought a new stake in Clean Energy Fuels during the fourth quarter worth $821,000. Global Alpha Capital Management Ltd. lifted its stake in Clean Energy Fuels by 3.4% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider's stock valued at $18,555,000 after purchasing an additional 246,500 shares during the last quarter. Mercuria Capital Strategies LLC acquired a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $489,000. Finally, Barclays PLC raised its position in shares of Clean Energy Fuels by 252.1% in the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock valued at $828,000 after purchasing an additional 190,520 shares during the period. Institutional investors own 49.94% of the company's stock.

Insider Buying and Selling

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the purchase, the chief financial officer now owns 458,800 shares of the company's stock, valued at approximately $890,072. The trade was a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 35,000 shares of company stock worth $64,100 in the last three months. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CLNE has been the subject of several research analyst reports. Raymond James reaffirmed a "strong-buy" rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. Scotiabank dropped their price target on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. StockNews.com downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Finally, UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the company a "buy" rating in a report on Sunday, April 13th.

Clean Energy Fuels Price Performance

CLNE traded down $0.02 during trading on Monday, hitting $1.47. 810,645 shares of the stock traded hands, compared to its average volume of 2,014,502. The business has a 50 day moving average price of $1.73 and a 200 day moving average price of $2.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. The company has a market cap of $328.11 million, a price-to-earnings ratio of -4.73 and a beta of 2.48.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The business had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal 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.