ExodusPoint Capital Management LP Sells 391,691 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

ExodusPoint Capital Management LP lessened its stake in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 92.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,835 shares of the utilities provider's stock after selling 391,691 shares during the period. ExodusPoint Capital Management LP's holdings in Clean Energy Fuels were worth $85,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CLNE. Moors & Cabot Inc. lifted its stake in Clean Energy Fuels by 0.9% in the 4th quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider's stock valued at $1,037,000 after purchasing an additional 3,700 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Clean Energy Fuels by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock valued at $1,296,000 after buying an additional 5,485 shares during the last quarter. FMR LLC boosted its stake 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 worth $167,000 after acquiring an additional 6,884 shares during the period. Rhumbline Advisers increased its holdings 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 worth $700,000 after acquiring an additional 8,731 shares during the last quarter. Finally, IMC Chicago LLC increased its holdings 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 worth $329,000 after acquiring an additional 9,021 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock traded up $0.04 during trading on Friday, reaching $1.40. The company's stock had a trading volume of 1,706,359 shares, compared to its average volume of 2,013,955. Clean Energy Fuels Corp. has a 52 week low of $1.30 and a 52 week high of $3.67. The firm has a market cap of $313.55 million, a PE ratio of -4.52 and a beta of 2.48. The business's 50-day moving average price is $1.90 and its 200-day moving average price is $2.56. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its earnings results on Monday, February 24th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $109.33 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.01 EPS. Equities analysts forecast that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Robert M. Vreeland bought 15,000 shares of Clean Energy Fuels stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the acquisition, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This trade represents a 3.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 35,000 shares of company stock worth $64,100 in the last 90 days. Company insiders own 3.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CLNE. StockNews.com cut shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. Scotiabank decreased their price target on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. UBS Group set a $2.00 price objective on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research report on Sunday, April 13th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued 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 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.