Point72 Asset Management L.P. Has $1.23 Million Position in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Point72 Asset Management L.P. cut its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Free Report) by 65.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,966 shares of the utilities provider's stock after selling 736,141 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.18% of Clean Energy Fuels worth $1,231,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in Clean Energy Fuels by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 69,853 shares of the utilities provider's stock worth $187,000 after acquiring an additional 6,637 shares in the last quarter. FMR LLC boosted its holdings in shares of Clean Energy Fuels by 14.8% in 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 during the last quarter. Rhumbline Advisers grew its stake in shares of Clean Energy Fuels by 2.4% in the second quarter. Rhumbline Advisers now owns 292,747 shares of the utilities provider's stock valued at $782,000 after buying an additional 6,989 shares in the last quarter. Eastern Bank acquired a new position in Clean Energy Fuels during the third quarter worth $31,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Clean Energy Fuels by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,841 shares of the utilities provider's stock worth $205,000 after acquiring an additional 11,534 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CLNE shares. Scotiabank lifted their target price on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, September 3rd. StockNews.com cut shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $5.38.

Clean Energy Fuels Stock Performance

NASDAQ:CLNE traded up $0.03 during mid-day trading on Wednesday, hitting $2.82. 1,165,595 shares of the stock were exchanged, compared to its average volume of 1,628,723. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06. The stock has a market capitalization of $630.15 million, a price-to-earnings ratio of -9.00 and a beta of 2.14. The firm's 50-day simple moving average is $2.90 and its 200 day simple moving average is $2.85. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $4.13.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate 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 business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $100.64 million. During the same period in the prior year, the company posted ($0.12) earnings per share. Clean Energy Fuels's revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

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.