Systematic Financial Management LP lowered its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 573,450 shares of the utilities provider’s stock after selling 24,685 shares during the quarter. Systematic Financial Management LP owned 0.38% of Clean Energy Fuels Corp. worth $1,457,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brave Asset Management Inc. grew its holdings in Clean Energy Fuels Corp. by 19.2% during the second quarter. Brave Asset Management Inc. now owns 43,500 shares of the utilities provider’s stock worth $110,000 after buying an additional 7,000 shares in the last quarter. KBC Group NV purchased a new position in Clean Energy Fuels Corp. in the first quarter worth $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 worth $138,000 after purchasing an additional 3,864 shares during the last quarter. Bank of America Corp DE boosted its position in Clean Energy Fuels Corp. by 12.4% in the first quarter. Bank of America Corp DE now owns 57,958 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 6,407 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Clean Energy Fuels Corp. by 97.6% in the first quarter. Jane Street Group LLC now owns 60,438 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 29,857 shares during the last quarter. Institutional investors and hedge funds own 34.42% of the company’s stock.

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Clean Energy Fuels Corp. (NASDAQ:CLNE) opened at 2.46 on Tuesday. The firm has a 50-day moving average price of $2.40 and a 200 day moving average price of $2.51. Clean Energy Fuels Corp. has a 52-week low of $2.18 and a 52-week high of $4.62. The stock has a market cap of $371.24 million, a PE ratio of 13.37 and a beta of 1.90.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The business had revenue of $81.00 million during the quarter, compared to analyst estimates of $86.97 million. Clean Energy Fuels Corp. had a return on equity of 5.14% and a net margin of 7.24%. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, analysts forecast that Clean Energy Fuels Corp. will post $0.03 earnings per share for the current fiscal year.

CLNE has been the topic of several research analyst reports. Zacks Investment Research cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine cut Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.53.

In other Clean Energy Fuels Corp. news, CFO Robert M. Vreeland bought 11,500 shares of Clean Energy Fuels Corp. stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $2.32 per share, with a total value of $26,680.00. Following the acquisition, the chief financial officer now owns 170,654 shares in the company, valued at $395,917.28. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew J. Littlefair bought 43,000 shares of Clean Energy Fuels Corp. stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of $2.29 per share, with a total value of $98,470.00. Following the acquisition, the chief executive officer now owns 1,355,167 shares in the company, valued at approximately $3,103,332.43. The disclosure for this purchase can be found here. In the last three months, insiders acquired 64,500 shares of company stock valued at $148,050. Corporate 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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Institutional Ownership by Quarter for Clean Energy Fuels Corp. (NASDAQ:CLNE)

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