Voya Investment Management LLC Sells 341,162 Shares of Clean Energy Fuels Corp. $CLNE

Voya Investment Management LLC decreased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 25.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,020,649 shares of the utilities provider’s stock after selling 341,162 shares during the period. Voya Investment Management LLC’s holdings in Clean Energy Fuels were worth $2,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CLNE. Cim Investment Management Inc. increased its holdings in shares of Clean Energy Fuels by 100.7% during the second quarter. Cim Investment Management Inc. now owns 65,244 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 32,742 shares during the period. Tower Research Capital LLC TRC grew its position in Clean Energy Fuels by 317.9% during the second quarter. Tower Research Capital LLC TRC now owns 27,152 shares of the utilities provider’s stock worth $53,000 after buying an additional 20,654 shares in the last quarter. Man Group plc bought a new position in Clean Energy Fuels during the 2nd quarter worth $297,000. Manatuck Hill Partners LLC acquired a new position in Clean Energy Fuels in the 2nd quarter valued at $878,000. Finally, Engineers Gate Manager LP acquired a new position in Clean Energy Fuels in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.59.

Clean Energy Fuels Stock Down 2.3%

Shares of CLNE opened at $2.17 on Friday. The firm has a 50 day simple moving average of $2.39 and a two-hundred day simple moving average of $2.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 2.39. Clean Energy Fuels Corp. has a one year low of $1.30 and a one year high of $3.67. The company has a market cap of $475.88 million, a P/E ratio of -2.33 and a beta of 2.28.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.