Rice Hall James & Associates LLC Reduces Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Rice Hall James & Associates LLC cut its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 68.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315,180 shares of the utilities provider's stock after selling 696,895 shares during the period. Rice Hall James & Associates LLC owned about 0.14% of Clean Energy Fuels worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Clean Energy Fuels by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock valued at $23,840,000 after purchasing an additional 124,031 shares in the last quarter. SIR Capital Management L.P. raised its position in shares of Clean Energy Fuels by 7.3% in the 4th quarter. SIR Capital Management L.P. now owns 2,520,941 shares of the utilities provider's stock worth $6,328,000 after acquiring an additional 171,018 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Clean Energy Fuels by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock worth $3,653,000 after acquiring an additional 12,169 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Clean Energy Fuels by 56.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider's stock worth $3,117,000 after acquiring an additional 450,143 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Clean Energy Fuels by 41.2% in the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider's stock worth $2,886,000 after acquiring an additional 335,694 shares in the last quarter. 49.94% of the stock is owned by institutional investors.

Clean Energy Fuels Stock Up 0.2%

Clean Energy Fuels stock traded up $0.01 during midday trading on Friday, reaching $2.05. The company's stock had a trading volume of 982,353 shares, compared to its average volume of 2,257,315. The stock's 50-day simple moving average is $1.94 and its 200-day simple moving average is $2.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 2.50. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The stock has a market capitalization of $451.90 million, a P/E ratio of -2.32 and a beta of 2.63.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The company had revenue of $103.76 million during the quarter, compared to analysts' expectations of $96.61 million. During the same period last year, the business posted ($0.01) earnings per share. The firm's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CLNE. Scotiabank reduced 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. Lake Street Capital reduced their price target on 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. Finally, UBS Group set a $2.00 price target on Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. One 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.