Marshall Wace North America L.P. Has $439,000 Stake in Clean Energy Fuels Corp. (NASDAQ:CLNE)

Marshall Wace North America L.P. decreased its holdings in Clean Energy Fuels Corp. (NASDAQ:CLNE) by 85.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,269 shares of the utilities provider’s stock after selling 259,162 shares during the period. Marshall Wace North America L.P.’s holdings in Clean Energy Fuels were worth $439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CLNE. Captrust Financial Advisors increased its holdings in shares of Clean Energy Fuels by 10,044.0% in the 1st quarter. Captrust Financial Advisors now owns 2,536 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 2,511 shares during the period. IFP Advisors Inc increased its holdings in shares of Clean Energy Fuels by 30.9% in the 2nd quarter. IFP Advisors Inc now owns 5,755 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 1,360 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Clean Energy Fuels by 30.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,484 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 1,738 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Clean Energy Fuels by 274.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,500 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 6,233 shares during the period. Finally, Intelligence Driven Advisers LLC acquired a new position in shares of Clean Energy Fuels in the 2nd quarter valued at about $102,000. Institutional investors own 61.82% of the company’s stock.

Shares of CLNE stock opened at $7.75 on Thursday. Clean Energy Fuels Corp. has a 12 month low of $3.79 and a 12 month high of $19.79. The company has a quick ratio of 3.86, a current ratio of 4.17 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $8.52 and its two-hundred day moving average is $8.56. The company has a market cap of $1.73 billion, a PE ratio of -17.22 and a beta of 1.86.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings results on Thursday, November 4th. The utilities provider reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Clean Energy Fuels had a negative return on equity of 1.43% and a negative net margin of 39.10%. The company had revenue of $86.10 million for the quarter, compared to the consensus estimate of $85.49 million. During the same quarter last year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that Clean Energy Fuels Corp. will post 0.03 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Credit Suisse Group dropped their target price on Clean Energy Fuels from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, August 18th. Zacks Investment Research upgraded Clean Energy Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 9th. Needham & Company LLC dropped their price objective on Clean Energy Fuels from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, August 6th. Finally, TheStreet upgraded Clean Energy Fuels from a “d” rating to a “c-” rating in a report on Thursday, October 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.07.

About Clean Energy Fuels

Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations; manufacture CNG and LNG equipment and technologies; and deliver more CNG and LNG vehicle fuel.

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Institutional Ownership by Quarter for Clean Energy Fuels (NASDAQ:CLNE)

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