KCG Holdings Inc. reduced its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 73.3% during the first quarter, Holdings Channel reports. The fund owned 49,536 shares of the utilities provider’s stock after selling 136,141 shares during the period. KCG Holdings Inc.’s holdings in Clean Energy Fuels Corp. were worth $126,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Everett Harris & Co. CA boosted its position in Clean Energy Fuels Corp. by 292.7% in the first quarter. Everett Harris & Co. CA now owns 40,250 shares of the utilities provider’s stock worth $103,000 after buying an additional 30,000 shares during the last quarter. KBC Group NV purchased a new position in Clean Energy Fuels Corp. during the first quarter worth about $126,000. American International Group Inc. boosted its position in Clean Energy Fuels Corp. by 7.7% in the first quarter. American International Group Inc. now owns 54,273 shares of the utilities provider’s stock worth $138,000 after buying an additional 3,864 shares during the last quarter. AQR Capital Management LLC purchased a new position in Clean Energy Fuels Corp. during the fourth quarter worth about $182,000. Finally, Menta Capital LLC purchased a new position in Clean Energy Fuels Corp. during the first quarter worth about $172,000. Hedge funds and other institutional investors own 33.38% of the company’s stock.

Clean Energy Fuels Corp. (CLNE) traded down 0.652% during trading on Thursday, hitting $2.285. 85,472 shares of the company’s stock were exchanged. The company has a market cap of $344.83 million, a price-to-earnings ratio of 12.418 and a beta of 1.87. The firm has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.55. Clean Energy Fuels Corp. has a 52-week low of $2.18 and a 52-week high of $4.80.

Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $81 million for the quarter, compared to the consensus estimate of $86.97 million. Clean Energy Fuels Corp. had a net margin of 7.24% and a return on equity of 5.14%. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. On average, equities research analysts predict that Clean Energy Fuels Corp. will post $0.00 earnings per share for the current year.

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A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Monday. Finally, ValuEngine cut shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $4.95.

In other Clean Energy Fuels Corp. news, Director Stephen Scully bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $2.49 per share, with a total value of $49,800.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew J. Littlefair bought 43,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $2.29 per share, for a total transaction of $98,470.00. Following the transaction, the chief executive officer now directly owns 1,355,167 shares in the company, valued at approximately $3,103,332.43. The disclosure for this purchase can be found here. Insiders have acquired a total of 105,500 shares of company stock worth $244,170 in the last three months. Insiders own 26.69% of the company’s stock.

About Clean Energy Fuels Corp.

Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation and maintenance (O&M) services for natural gas fueling stations.

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

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