Rice Hall James & Associates LLC Sells 21,769 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE)

Rice Hall James & Associates LLC cut its holdings in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,012,075 shares of the utilities provider’s stock after selling 21,769 shares during the period. Rice Hall James & Associates LLC’s holdings in Clean Energy Fuels were worth $2,540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLNE. Eastern Bank bought a new position in shares of Clean Energy Fuels during the third quarter valued at approximately $31,000. Point72 DIFC Ltd purchased a new stake in Clean Energy Fuels during the third quarter valued at approximately $41,000. Zacks Investment Management purchased a new stake in Clean Energy Fuels during the third quarter valued at approximately $42,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Clean Energy Fuels by 235.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 18,427 shares of the utilities provider’s stock valued at $57,000 after acquiring an additional 12,929 shares during the last quarter. Finally, Grassi Investment Management lifted its position in Clean Energy Fuels by 74.1% during the fourth quarter. Grassi Investment Management now owns 23,500 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 10,000 shares during the last quarter. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Stock Down 2.6 %

Shares of CLNE stock opened at $3.05 on Wednesday. The stock’s 50-day simple moving average is $2.93 and its 200-day simple moving average is $2.94. 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 firm has a market capitalization of $681.55 million, a PE ratio of -9.84 and a beta of 2.18. Clean Energy Fuels Corp. has a fifty-two week low of $2.17 and a fifty-two week high of $3.67.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

Clean Energy Fuels Company 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.