Coppell Advisory Solutions LLC Cuts Stock Holdings in Clean Energy Fuels Corp. $CLNE

Key Points

• Coppell Advisory Solutions LLC reduced its holdings in Clean Energy Fuels Corp. by 96.1%, selling 706,332 shares and leaving them with 28,308 shares valued at $41,000.
• Several institutional investors, including GTS Securities LLC and Tower Research Capital LLC, increased their stakes in Clean Energy Fuels during the fourth quarter.
• Clean Energy Fuels reported a quarterly revenue of $102.61 million, surpassing estimates and noting a 4.8% increase year-over-year, despite a negative earnings per share.

Coppell Advisory Solutions LLC reduced its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 96.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,308 shares of the utilities provider's stock after selling 706,332 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Clean Energy Fuels were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CLNE. GTS Securities LLC grew its stake in Clean Energy Fuels by 16.8% during the 4th quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider's stock worth $69,000 after buying an additional 3,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Clean Energy Fuels by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock worth $245,000 after buying an additional 4,215 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after buying an additional 4,894 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Clean Energy Fuels by 4.6% during the 4th quarter. Rafferty Asset Management LLC now owns 156,428 shares of the utilities provider's stock worth $393,000 after buying an additional 6,863 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Clean Energy Fuels by 7.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 143,301 shares of the utilities provider's stock worth $360,000 after buying an additional 9,637 shares during the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Performance

CLNE traded down $0.13 on Friday, reaching $2.40. 1,704,678 shares of the stock were exchanged, compared to its average volume of 1,351,915. The firm has a market capitalization of $526.29 million, a PE ratio of -2.67 and a beta of 2.70. The company's 50-day moving average price is $2.29 and its 200 day moving average price is $1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.83 and a quick ratio of 2.51. Clean Energy Fuels Corp. has a fifty-two week low of $1.30 and a fifty-two week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $102.61 million during the quarter, compared to analysts' expectations of $94.73 million. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, sell-side analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLNE has been the topic of several research analyst reports. Jefferies Financial Group downgraded Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price on the stock. in a research note on Friday, August 8th. UBS Group reaffirmed a "buy" rating and set a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Clean Energy Fuels has an average rating of "Buy" and an average price target of $3.59.

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.