Grantham Mayo Van Otterloo & Co. LLC Sells 1,244,100 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Grantham Mayo Van Otterloo & Co. LLC cut its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 16,395,223 shares of the utilities provider’s stock after selling 1,244,100 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.07% of Clean Energy Fuels worth $41,152,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in shares of Clean Energy Fuels in the third quarter valued at about $41,000. Zacks Investment Management bought a new position in Clean Energy Fuels during the 3rd quarter worth about $42,000. Cibc World Markets Corp purchased a new position in Clean Energy Fuels during the 4th quarter valued at about $40,000. Versor Investments LP bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Clean Energy Fuels by 235.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 12,929 shares during the period. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CLNE. StockNews.com lowered shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Raymond James reaffirmed a “strong-buy” rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday, February 25th.

Clean Energy Fuels Stock Down 2.0 %

NASDAQ:CLNE opened at $1.46 on Friday. The company’s 50-day simple moving average is $2.36 and its 200-day simple moving average is $2.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. Clean Energy Fuels Corp. has a fifty-two week low of $1.37 and a fifty-two week high of $3.67. The stock has a market capitalization of $326.46 million, a P/E ratio of -4.71 and a beta of 2.48.

Clean Energy Fuels (NASDAQ:CLNE) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same period last year, the firm earned $0.01 earnings per share. On average, equities analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Energy Fuels news, CFO Robert M. Vreeland purchased 15,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $1.94 per share, with a total value of $29,100.00. Following the completion of the acquisition, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. The trade was a 3.38 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have acquired a total of 35,000 shares of company stock worth $64,100 in the last ninety days. 3.60% of the stock is owned by insiders.

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.