Rice Hall James & Associates LLC Decreases Holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Rice Hall James & Associates LLC trimmed its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,012,075 shares of the utilities provider’s stock after selling 21,769 shares during the quarter. Rice Hall James & Associates LLC owned 0.45% of Clean Energy Fuels worth $2,540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC raised its position in shares of Clean Energy Fuels by 14.8% during the 3rd quarter. FMR LLC now owns 53,546 shares of the utilities provider’s stock valued at $167,000 after buying an additional 6,884 shares in the last quarter. Rhumbline Advisers raised its position in shares of Clean Energy Fuels by 3.2% during the 4th quarter. Rhumbline Advisers now owns 279,006 shares of the utilities provider’s stock valued at $700,000 after buying an additional 8,731 shares in the last quarter. IMC Chicago LLC raised its position in shares of Clean Energy Fuels by 7.4% during the 4th quarter. IMC Chicago LLC now owns 131,122 shares of the utilities provider’s stock valued at $329,000 after buying an additional 9,021 shares in the last quarter. Eastern Bank purchased a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at about $31,000. Finally, Grassi Investment Management grew its holdings in Clean Energy Fuels by 74.1% during the 4th quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 10,000 shares during the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Performance

Shares of NASDAQ:CLNE opened at $3.05 on Wednesday. The company has a market capitalization of $681.55 million, a price-to-earnings ratio of -9.84 and a beta of 2.18. Clean Energy Fuels Corp. has a 12 month low of $2.17 and a 12 month high of $3.67. The firm’s 50-day moving average is $2.93 and its 200 day moving average is $2.94. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th.

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.