Sanders Morris Harris LLC Boosts Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

Sanders Morris Harris LLC raised its holdings in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 337.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the construction company's stock after purchasing an additional 27,000 shares during the quarter. Sanders Morris Harris LLC's holdings in Aspen Aerogels were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ASPN. Point72 Hong Kong Ltd purchased a new position in shares of Aspen Aerogels in the 2nd quarter valued at about $84,000. Quent Capital LLC acquired a new position in Aspen Aerogels during the third quarter worth about $118,000. Point72 DIFC Ltd purchased a new position in Aspen Aerogels in the second quarter valued at about $121,000. nVerses Capital LLC lifted its position in shares of Aspen Aerogels by 45.0% during the 3rd quarter. nVerses Capital LLC now owns 5,800 shares of the construction company's stock valued at $161,000 after acquiring an additional 1,800 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new stake in shares of Aspen Aerogels during the 2nd quarter worth approximately $145,000. Institutional investors and hedge funds own 97.64% of the company's stock.

Aspen Aerogels Trading Down 1.2 %

Shares of NYSE:ASPN traded down $0.16 during trading on Thursday, reaching $12.56. The stock had a trading volume of 1,325,442 shares, compared to its average volume of 1,471,874. Aspen Aerogels, Inc. has a fifty-two week low of $10.75 and a fifty-two week high of $33.15. The business has a fifty day moving average price of $13.55 and a 200-day moving average price of $20.31. The stock has a market cap of $1.03 billion, a P/E ratio of 1,257.66 and a beta of 2.14. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27.

Analyst Ratings Changes

ASPN has been the subject of several research analyst reports. Roth Mkm dropped their price objective on Aspen Aerogels from $36.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Canaccord Genuity Group dropped their price target on Aspen Aerogels from $28.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler decreased their price objective on shares of Aspen Aerogels from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Aspen Aerogels to a "sell" rating in a report on Wednesday, November 13th. Finally, HC Wainwright restated a "buy" rating and set a $30.00 target price on shares of Aspen Aerogels in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.11.

About Aspen Aerogels

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.