Tudor Investment Corp ET AL Takes $870,000 Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Tudor Investment Corp ET AL purchased a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 346,803 shares of the utilities provider's stock, valued at approximately $870,000. Tudor Investment Corp ET AL owned approximately 0.16% of Clean Energy Fuels as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CLNE. Coppell Advisory Solutions LLC boosted its holdings in Clean Energy Fuels by 1,635.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 734,640 shares of the utilities provider's stock valued at $1,829,000 after acquiring an additional 692,318 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Clean Energy Fuels by 309.5% in the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock worth $2,271,000 after buying an additional 551,896 shares in the last quarter. Natixis purchased a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $821,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Clean Energy Fuels in the 4th quarter valued at approximately $753,000. Finally, Global Alpha Capital Management Ltd. boosted its position in shares of Clean Energy Fuels by 3.4% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider's stock valued at $18,555,000 after purchasing an additional 246,500 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company's stock.

Insider Activity at Clean Energy Fuels

In other news, CFO Robert M. Vreeland bought 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $1.94 per share, for a total transaction of $29,100.00. Following the transaction, the chief financial officer now owns 458,800 shares of the company's stock, valued at $890,072. The trade was a 3.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 35,000 shares of company stock valued at $64,100. Corporate insiders own 4.30% of the company's stock.

Wall Street Analyst Weigh In

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

Clean Energy Fuels Stock Performance

Shares of NASDAQ:CLNE traded up $0.22 during trading on Monday, hitting $1.82. The company's stock had a trading volume of 794,002 shares, compared to its average volume of 2,040,513. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.06 and a quick ratio of 2.74. Clean Energy Fuels Corp. has a 12 month low of $1.30 and a 12 month high of $3.67. The firm has a market cap of $406.49 million, a price-to-earnings ratio of -5.74 and a beta of 2.57. The company has a 50-day moving average of $1.58 and a 200-day moving average of $2.41.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business had revenue of $103.76 million during the quarter, compared to analyst estimates of $96.61 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The company's revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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.