Two Sigma Investments LP Buys 216,278 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Two Sigma Investments LP increased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 93.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 448,096 shares of the utilities provider's stock after buying an additional 216,278 shares during the period. Two Sigma Investments LP owned 0.20% of Clean Energy Fuels worth $1,125,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Moors & Cabot Inc. lifted its holdings in shares of 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 buying an additional 3,700 shares in the last quarter. Invesco Ltd. lifted its stake in Clean Energy Fuels by 1.2% in the 4th quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider's stock worth $878,000 after purchasing an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Clean Energy Fuels by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock valued at $245,000 after purchasing an additional 4,215 shares during the period. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $34,000 after purchasing an additional 4,894 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Clean Energy Fuels by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock valued at $1,296,000 after purchasing an additional 5,485 shares in the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Price Performance

CLNE stock traded up $0.09 during mid-day trading on Monday, hitting $1.91. 2,020,020 shares of the stock were exchanged, compared to its average volume of 2,170,906. The business has a fifty day moving average price of $1.63 and a 200 day moving average price of $2.27. Clean Energy Fuels Corp. has a 12 month low of $1.30 and a 12 month high of $3.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. The stock has a market capitalization of $422.08 million, a price-to-earnings ratio of -6.16 and a beta of 2.64.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced 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. The company had revenue of $103.76 million for the quarter, compared to analysts' expectations of $96.61 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. Clean Energy Fuels's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) EPS. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CLNE shares. Wall Street Zen lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. Scotiabank dropped their price target on 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. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. Raymond James reaffirmed a "strong-buy" rating and issued a $4.00 target price (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. Finally, Lake Street Capital dropped their target price on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.75.

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.