Two Sigma Securities LLC Makes New $31,000 Investment in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Two Sigma Securities LLC bought a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,542 shares of the utilities provider’s stock, valued at approximately $31,000.

A number of other institutional investors have also recently modified their holdings of the stock. Barclays PLC lifted its position in Clean Energy Fuels by 252.1% during the third quarter. Barclays PLC now owns 266,104 shares of the utilities provider’s stock worth $828,000 after purchasing an additional 190,520 shares during the period. JPMorgan Chase & Co. raised its position in shares of Clean Energy Fuels by 309.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider’s stock valued at $2,271,000 after buying an additional 551,896 shares in the last quarter. IMC Chicago LLC lifted its holdings in shares of Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 9,021 shares during the period. Rhumbline Advisers lifted its holdings in shares of Clean Energy Fuels by 3.2% during the 4th quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider’s stock worth $700,000 after acquiring an additional 8,731 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Clean Energy Fuels by 14.0% during the 4th quarter. Wellington Management Group LLP now owns 102,670 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 12,628 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLNE has been the subject of several recent analyst reports. Scotiabank cut their target price on Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. UBS Group set a $2.00 price objective on Clean Energy Fuels and gave the stock a “buy” rating in a research report on Sunday, April 13th. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Raymond James reissued a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

Clean Energy Fuels Trading Up 4.1 %

NASDAQ CLNE opened at $1.54 on Friday. The company has a market cap of $344.90 million, a price-to-earnings ratio of -4.97 and a beta of 2.48. Clean Energy Fuels Corp. has a twelve month low of $1.30 and a twelve month high of $3.67. 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 business’s fifty day moving average is $1.61 and its 200 day moving average is $2.46.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. During the same period last year, the firm posted $0.01 earnings per share. As a group, sell-side analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was purchased 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. The trade was a 3.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 35,000 shares of company stock worth $64,100 in the last ninety days. Company insiders own 4.30% of the company’s stock.

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.