Caxton Associates LP Makes New Investment in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Caxton Associates LP purchased a new position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,691 shares of the utilities provider’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CLNE. Balyasny Asset Management L.P. acquired a new position in Clean Energy Fuels in the 4th quarter valued at approximately $31,000. Two Sigma Securities LLC acquired a new stake in Clean Energy Fuels in the fourth quarter valued at $31,000. Tower Research Capital LLC TRC raised its position in Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 4,894 shares during the last quarter. Cibc World Markets Corp acquired a new position in Clean Energy Fuels during the 4th quarter worth about $40,000. Finally, Versor Investments LP bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

Clean Energy Fuels stock opened at $1.71 on Friday. The stock has a market capitalization of $381.86 million, a price-to-earnings ratio of -5.50 and a beta of 2.57. Clean Energy Fuels Corp. has a 52-week low of $1.30 and a 52-week high of $3.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock’s 50 day moving average price is $1.58 and its two-hundred day moving average price is $2.42.

Clean Energy Fuels (NASDAQ:CLNE) last issued 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. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The business had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. During the same period in the prior year, the firm earned $0.01 earnings per share. On average, equities analysts predict that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insider Activity

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the acquisition, the chief financial officer now owns 458,800 shares in the company, valued at approximately $890,072. The trade was a 3.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought a total of 35,000 shares of company stock worth $64,100 in the last three months. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CLNE. UBS Group set a $2.00 price target on Clean Energy Fuels and gave the company a “buy” rating in a research note on Sunday, April 13th. Raymond James restated a “strong-buy” rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th. StockNews.com cut shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Scotiabank dropped their target price on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th.

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.