SG Americas Securities LLC Acquires 94,162 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

SG Americas Securities LLC raised its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 62.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 244,105 shares of the utilities provider’s stock after buying an additional 94,162 shares during the period. SG Americas Securities LLC’s holdings in Clean Energy Fuels were worth $759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLNE. Tidal Investments LLC purchased a new stake in shares of Clean Energy Fuels during the 1st quarter worth $33,000. Grassi Investment Management purchased a new stake in Clean Energy Fuels in the first quarter valued at about $36,000. DRW Securities LLC purchased a new stake in Clean Energy Fuels in the second quarter valued at about $38,000. Algert Global LLC purchased a new stake in Clean Energy Fuels in the second quarter valued at about $45,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in Clean Energy Fuels in the first quarter valued at about $52,000. Institutional investors own 49.94% of the company’s stock.

Analyst Upgrades and Downgrades

CLNE has been the subject of a number of research analyst reports. StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research note on Wednesday, August 14th. Scotiabank increased their price objective on 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Clean Energy Fuels presently has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Clean Energy Fuels Stock Up 4.3 %

Shares of CLNE stock opened at $2.91 on Friday. The stock’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $2.72. 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 firm has a market capitalization of $650.18 million, a PE ratio of -8.31 and a beta of 2.12. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $4.14.

Clean Energy Fuels (NASDAQ:CLNE) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The firm had revenue of $97.95 million for the quarter, compared to analyst estimates of $106.45 million. Clean Energy Fuels had a negative return on equity of 8.75% and a negative net margin of 19.61%. Clean Energy Fuels’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company earned ($0.07) earnings per share. Equities analysts expect that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current year.

Clean Energy Fuels Company 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.