UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.69 Million Stock Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 542,417 shares of the utilities provider’s stock after selling 43,078 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clean Energy Fuels were worth $1,687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of Clean Energy Fuels during the third quarter worth approximately $31,000. DRW Securities LLC acquired a new stake in Clean Energy Fuels during the 2nd quarter worth $38,000. Algert Global LLC bought a new stake in shares of Clean Energy Fuels during the 2nd quarter valued at $45,000. MQS Management LLC acquired a new position in shares of Clean Energy Fuels in the 3rd quarter valued at $72,000. Finally, Sei Investments Co. bought a new position in shares of Clean Energy Fuels in the 2nd quarter worth $74,000. 49.94% of the stock is owned by institutional investors.

Clean Energy Fuels Price Performance

CLNE opened at $2.75 on Tuesday. The company has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $2.85. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The stock has a market cap of $614.51 million, a P/E ratio of -8.87 and a beta of 2.14. 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 announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $104.90 million during the quarter, compared to the consensus estimate of $100.64 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Scotiabank increased their price target on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.