Holderness Investments Co. Raises Stock Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Holderness Investments Co. boosted its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,596 shares of the utilities provider’s stock after acquiring an additional 9,600 shares during the period. Holderness Investments Co.’s holdings in Clean Energy Fuels were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC lifted its stake in shares of Clean Energy Fuels by 94.1% during the fourth quarter. Intech Investment Management LLC now owns 77,530 shares of the utilities provider’s stock worth $195,000 after buying an additional 37,577 shares during the period. Cibc World Markets Corp purchased a new stake in Clean Energy Fuels in the 4th quarter worth approximately $40,000. Mercuria Capital Strategies LLC purchased a new stake in Clean Energy Fuels during the fourth quarter worth $489,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Clean Energy Fuels by 60.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 121,567 shares of the utilities provider’s stock valued at $305,000 after buying an additional 45,820 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Clean Energy Fuels by 0.9% in the fourth quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider’s stock worth $1,037,000 after acquiring an additional 3,700 shares during the period. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Trading Down 4.6 %

Shares of Clean Energy Fuels stock opened at $1.67 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a twelve month low of $1.62 and a twelve month high of $3.67. The firm has a market capitalization of $373.42 million, a PE ratio of -5.39 and a beta of 2.35. The firm’s 50-day moving average price is $2.62 and its 200 day moving average price is $2.78.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million for the quarter, compared to analysts’ expectations of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter in the previous year, the company posted $0.01 EPS. On average, sell-side analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Insider Activity at Clean Energy Fuels

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of the purchase, the chief financial officer now owns 458,800 shares of the company’s stock, valued at approximately $890,072. This represents a 3.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CLNE has been the topic of a number of analyst reports. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Raymond James restated a “strong-buy” rating and issued a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th.

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.