Cubist Systematic Strategies LLC Purchases Shares of 177,536 Clean Energy Fuels Corp. (NASDAQ:CLNE)

Cubist Systematic Strategies LLC purchased a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 177,536 shares of the utilities provider's stock, valued at approximately $446,000. Cubist Systematic Strategies LLC owned 0.08% of Clean Energy Fuels as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLNE. Moors & Cabot Inc. increased its stake in Clean Energy Fuels by 0.9% in the fourth quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider's stock worth $1,037,000 after purchasing an additional 3,700 shares during the period. Invesco Ltd. increased its stake in Clean Energy Fuels by 1.2% in the fourth quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider's stock worth $878,000 after purchasing an additional 4,108 shares during the period. Tower Research Capital LLC TRC increased its stake in Clean Energy Fuels by 56.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after purchasing an additional 4,894 shares during the period. Bank of New York Mellon Corp increased its stake in Clean Energy Fuels by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock worth $1,296,000 after purchasing an additional 5,485 shares during the period. Finally, XTX Topco Ltd increased its stake in Clean Energy Fuels by 5.5% in the fourth quarter. XTX Topco Ltd now owns 141,412 shares of the utilities provider's stock worth $355,000 after purchasing an additional 7,400 shares during the period. Hedge funds and other institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Stock Down 0.8%

CLNE stock traded down $0.02 during trading on Thursday, reaching $1.83. 707,071 shares of the company traded hands, compared to its average volume of 2,117,062. Clean Energy Fuels Corp. has a 12 month low of $1.30 and a 12 month high of $3.67. The business has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $2.37. The company has a market capitalization of $403.29 million, a price-to-earnings ratio of -5.89 and a beta of 2.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $103.76 million for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the firm's stock in a transaction on 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 completion of the purchase, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This represents a 3.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 35,000 shares of company stock valued at $64,100 over the last quarter. 4.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the stock a "buy" rating in a research note on Sunday, April 13th. Raymond James reissued a "strong-buy" rating and set a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. Wall Street Zen downgraded Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Lake Street Capital dropped their price target on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Scotiabank dropped their price target on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Energy Fuels presently has a consensus rating of "Moderate Buy" and an average target price of $3.75.

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.