GMT Capital Corp Decreases Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

GMT Capital Corp lowered its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 67.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,669 shares of the utilities provider's stock after selling 521,089 shares during the quarter. GMT Capital Corp owned 0.11% of Clean Energy Fuels worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CLNE. Price T Rowe Associates Inc. MD lifted its stake in shares of Clean Energy Fuels by 7.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 143,301 shares of the utilities provider's stock valued at $360,000 after purchasing an additional 9,637 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Clean Energy Fuels by 90.0% during the 4th quarter. Hsbc Holdings PLC now owns 51,296 shares of the utilities provider's stock valued at $130,000 after buying an additional 24,294 shares during the period. Tower Research Capital LLC TRC lifted its position 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 buying an additional 4,894 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Clean Energy Fuels by 32.4% during the fourth quarter. MetLife Investment Management LLC now owns 101,622 shares of the utilities provider's stock worth $255,000 after buying an additional 24,840 shares during the period. Finally, Natixis purchased a new position in Clean Energy Fuels during the fourth quarter worth $821,000. 49.94% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels Trading Down 2.4 %

Clean Energy Fuels stock traded down $0.04 during trading hours on Monday, hitting $1.45. The company had a trading volume of 599,456 shares, compared to its average volume of 2,013,627. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The firm has a market cap of $323.63 million, a P/E ratio of -4.66 and a beta of 2.48. The company has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $2.50. Clean Energy Fuels Corp. has a 1 year low of $1.30 and a 1 year high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $109.33 million during 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 quarter in the previous year, the business earned $0.01 earnings per share. On average, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLNE. Scotiabank lowered their target price on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. UBS Group set a $2.00 target price on Clean Energy Fuels and gave the company a "buy" rating in a research report on Sunday, April 13th. Raymond James reiterated a "strong-buy" rating and issued a $4.00 price target (down from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. Finally, StockNews.com cut Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th.

Insider Activity at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland acquired 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 458,800 shares in the company, valued at $890,072. This represents a 3.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 35,000 shares of company stock worth $64,100 over the last three months. 4.30% of the stock is owned by corporate insiders.

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.