Versor Investments LP Invests $104,000 in Clean Energy Fuels Corp. $CLNE

Versor Investments LP acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 53,400 shares of the utilities provider’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLNE. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at approximately $51,000. GSA Capital Partners LLP grew its holdings in Clean Energy Fuels by 293.9% in the 1st quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider’s stock worth $839,000 after buying an additional 403,747 shares in the last quarter. Voya Investment Management LLC increased its position in Clean Energy Fuels by 36.9% in the 1st quarter. Voya Investment Management LLC now owns 1,272,888 shares of the utilities provider’s stock valued at $1,973,000 after acquiring an additional 342,982 shares during the period. EagleClaw Capital Managment LLC raised its stake in Clean Energy Fuels by 43.8% during the 1st quarter. EagleClaw Capital Managment LLC now owns 220,925 shares of the utilities provider’s stock valued at $342,000 after acquiring an additional 67,250 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in Clean Energy Fuels during the 2nd quarter worth $292,000. 49.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Wednesday, October 8th. UBS Group restated a “buy” rating and set a $2.75 price target (up from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group lowered shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.20 price target for the company. in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.59.

Clean Energy Fuels Price Performance

Shares of Clean Energy Fuels stock opened at $2.39 on Friday. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The company has a current ratio of 2.83, a quick ratio of 2.51 and a debt-to-equity ratio of 0.47. The stock has a market cap of $524.10 million, a PE ratio of -2.66 and a beta of 2.73. The company’s 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.22.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Tuesday, November 4th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The company had revenue of $106.14 million for the quarter, compared to analysts’ expectations of $100.98 million. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Insider Transactions at Clean Energy Fuels

In other Clean Energy Fuels news, SVP Barclay Corbus sold 105,300 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total value of $276,939.00. Following the transaction, the senior vice president owned 1,061,248 shares of the company’s stock, valued at approximately $2,791,082.24. This represents a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

About Clean Energy Fuels

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.