Clean Energy Fuels Corp. (NASDAQ:CLNE) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,038,047 shares of the utilities provider’s stock after selling 50,199 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.46% of Clean Energy Fuels worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its holdings in Clean Energy Fuels by 24.3% during the fourth quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 9,736 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Clean Energy Fuels by 271.6% during the fourth quarter. BNP Paribas Financial Markets now owns 145,256 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 106,162 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Clean Energy Fuels by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,367,278 shares of the utilities provider’s stock worth $5,237,000 after purchasing an additional 19,616 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Clean Energy Fuels by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider’s stock valued at $47,167,000 after acquiring an additional 702,049 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Clean Energy Fuels by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock valued at $27,071,000 after acquiring an additional 100,271 shares during the period. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

Shares of CLNE opened at $2.86 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.82 and a current ratio of 3.17. The stock has a market capitalization of $638.53 million, a P/E ratio of -8.17 and a beta of 2.12. The company’s fifty day moving average is $2.80 and its two-hundred day moving average is $2.67. Clean Energy Fuels Corp. has a 1 year low of $2.17 and a 1 year high of $4.68.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $97.95 million for the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. Clean Energy Fuels’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. On average, sell-side analysts predict that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLNE has been the topic of a number of recent research reports. StockNews.com raised shares of Clean Energy Fuels to a “sell” rating in a report on Wednesday, August 14th. Scotiabank lifted their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a report on Tuesday, September 3rd. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.38.

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.