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

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 7.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 7.34% of Clean Energy Fuels worth $41,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Clean Energy Fuels by 309.5% in the third quarter. JPMorgan Chase & Co. now owns 730,218 shares of the utilities provider's stock valued at $2,271,000 after acquiring an additional 551,896 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in shares of Clean Energy Fuels by 3.4% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 7,392,476 shares of the utilities provider's stock valued at $18,555,000 after purchasing an additional 246,500 shares during the last quarter. Mercuria Capital Strategies LLC purchased a new position in Clean Energy Fuels in the fourth quarter worth $489,000. Barclays PLC increased its stake in shares of Clean Energy Fuels by 252.1% during the 3rd quarter. Barclays PLC now owns 266,104 shares of the utilities provider's stock worth $828,000 after purchasing an additional 190,520 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Clean Energy Fuels by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,203,217 shares of the utilities provider's stock worth $13,075,000 after acquiring an additional 126,760 shares during the period. Institutional investors and hedge funds own 49.94% of the company's stock.

Clean Energy Fuels Price Performance

CLNE traded down $0.07 on Thursday, reaching $1.48. The company had a trading volume of 1,533,766 shares, compared to its average volume of 1,994,861. 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 52-week low of $1.30 and a 52-week high of $3.67. The company has a market cap of $329.82 million, a price-to-earnings ratio of -4.73 and a beta of 2.48. The business has a 50 day simple moving average of $2.18 and a 200 day simple moving average of $2.64.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its earnings results on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company had revenue of $109.33 million for the quarter, compared to analysts' expectations of $102.60 million. During the same quarter last year, the company earned $0.01 EPS. As a group, sell-side analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CLNE shares. StockNews.com cut Clean Energy Fuels from a "hold" rating to a "sell" rating in a research 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 report on Tuesday, February 25th.

Insider Buying and Selling

In other news, CFO Robert M. Vreeland acquired 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 transaction, the chief financial officer now owns 458,800 shares of the company's stock, valued at $890,072. This represents a 3.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 35,000 shares of company stock valued at $64,100 over the last three months. 3.60% of the stock is owned by company 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.