Versor Investments LP Takes Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Versor Investments LP acquired a new stake in Clean Energy Fuels Corp. (NASDAQ:CLNE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 18,100 shares of the utilities provider’s stock, valued at approximately $45,000.

A number of other large investors have also added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in Clean Energy Fuels in the 3rd quarter valued at approximately $41,000. Zacks Investment Management bought a new stake in shares of Clean Energy Fuels in the third quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Clean Energy Fuels by 235.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 12,929 shares during the period. Grassi Investment Management raised its position 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 worth $59,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Clean Energy Fuels during the 4th quarter worth about $63,000. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Price Performance

CLNE stock opened at $1.88 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. The firm has a market cap of $420.38 million, a price-to-earnings ratio of -6.06 and a beta of 2.18. The company’s fifty day simple moving average is $2.87 and its 200 day simple moving average is $2.90. Clean Energy Fuels Corp. has a 12-month low of $1.80 and a 12-month high of $3.67.

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

Wall Street Analysts Forecast Growth

CLNE has been the subject of several recent research reports. Raymond James reissued a “strong-buy” rating and issued a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th.

Insider Buying and Selling at Clean Energy Fuels

In related news, CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the purchase, the chief financial officer now directly owns 458,800 shares of the company’s stock, valued at $890,072. The trade was a 3.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

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.