Systematic Financial Management LP purchased a new stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 598,135 shares of the utilities provider’s stock, valued at approximately $1,525,000.

Other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Clean Energy Fuels Corp. by 12.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,412 shares of the utilities provider’s stock valued at $102,000 after buying an additional 3,900 shares in the last quarter. Everett Harris & Co. CA boosted its position in Clean Energy Fuels Corp. by 292.7% in the first quarter. Everett Harris & Co. CA now owns 40,250 shares of the utilities provider’s stock valued at $103,000 after buying an additional 30,000 shares in the last quarter. KBC Group NV purchased a new position in Clean Energy Fuels Corp. during the first quarter valued at approximately $126,000. American International Group Inc. boosted its position in Clean Energy Fuels Corp. by 7.7% in the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock valued at $138,000 after buying an additional 3,864 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Clean Energy Fuels Corp. during the fourth quarter valued at approximately $182,000. 33.45% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Clean Energy Fuels Corp. (NASDAQ:CLNE)

Clean Energy Fuels Corp. (CLNE) traded up 0.80% during trading on Friday, hitting $2.53. 2,298,099 shares of the company’s stock traded hands. The stock has a market cap of $380.75 million, a P/E ratio of 7.29 and a beta of 1.94. Clean Energy Fuels Corp. has a 12 month low of $2.18 and a 12 month high of $4.80. The company’s 50 day moving average is $2.45 and its 200-day moving average is $2.68.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.53. The firm had revenue of $89.50 million for the quarter, compared to the consensus estimate of $94.27 million. Clean Energy Fuels Corp. had a net margin of 11.63% and a return on equity of 9.51%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, analysts predict that Clean Energy Fuels Corp. will post $0.01 earnings per share for the current year.

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CLNE has been the topic of several recent analyst reports. ValuEngine cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Clean Energy Fuels Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 11th.

In related news, Director Stephen Scully acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $2.49 per share, for a total transaction of $49,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew J. Littlefair acquired 22,500 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average price of $2.24 per share, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now owns 1,312,167 shares of the company’s stock, valued at $2,939,254.08. The disclosure for this purchase can be found here. In the last quarter, insiders bought 52,500 shares of company stock worth $122,800. Insiders own 26.69% of the company’s stock.

Clean Energy Fuels Corp. Company Profile

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

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