Los Angeles Capital Management LLC Has $332,000 Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Los Angeles Capital Management LLC cut its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,680 shares of the utilities provider’s stock after selling 12,100 shares during the period. Los Angeles Capital Management LLC’s holdings in Clean Energy Fuels were worth $332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Clean Energy Fuels during the 1st quarter worth about $33,000. Vanguard Group Inc. raised its stake in shares of Clean Energy Fuels by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,101,301 shares of the utilities provider’s stock worth $27,071,000 after purchasing an additional 100,271 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Clean Energy Fuels by 33.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 105,763 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 26,356 shares in the last quarter. SIR Capital Management L.P. raised its stake in shares of Clean Energy Fuels by 9.8% during the 2nd quarter. SIR Capital Management L.P. now owns 2,764,529 shares of the utilities provider’s stock worth $7,381,000 after purchasing an additional 246,600 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Clean Energy Fuels by 30.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 44,569 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 10,437 shares in the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank raised their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 3rd. StockNews.com raised Clean Energy Fuels from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $5.38.

Clean Energy Fuels Stock Performance

CLNE opened at $2.65 on Monday. The firm has a market capitalization of $592.17 million, a P/E ratio of -8.55 and a beta of 2.12. The stock’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $2.81. The company has a quick ratio of 2.59, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 12-month low of $2.17 and a 12-month high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE) last released its earnings results on Wednesday, November 6th. 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 $104.90 million for the quarter, compared to analyst estimates of $100.64 million. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. On average, equities analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

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.