Charles Schwab Investment Management Inc. Purchases 40,279 Shares of Aspen Aerogels, Inc. (NYSE:ASPN)

Charles Schwab Investment Management Inc. boosted its holdings in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 549,709 shares of the construction company's stock after purchasing an additional 40,279 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.67% of Aspen Aerogels worth $6,531,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ASPN. Journey Strategic Wealth LLC bought a new stake in shares of Aspen Aerogels during the fourth quarter valued at approximately $178,000. Ballentine Partners LLC increased its stake in Aspen Aerogels by 19.2% during the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company's stock valued at $189,000 after purchasing an additional 2,565 shares in the last quarter. Quest Partners LLC raised its stake in Aspen Aerogels by 263.3% in the 3rd quarter. Quest Partners LLC now owns 7,397 shares of the construction company's stock worth $205,000 after acquiring an additional 5,361 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Aspen Aerogels by 6,923.4% in the fourth quarter. IFP Advisors Inc now owns 20,719 shares of the construction company's stock worth $246,000 after purchasing an additional 20,424 shares during the last quarter. Finally, Talbot Financial LLC acquired a new stake in Aspen Aerogels during the 4th quarter valued at approximately $251,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Performance

Aspen Aerogels stock traded down $0.36 during mid-day trading on Friday, reaching $6.60. The company's stock had a trading volume of 1,944,087 shares, compared to its average volume of 1,835,755. The firm has a market cap of $541.48 million, a price-to-earnings ratio of 41.22 and a beta of 2.28. The business has a 50 day moving average price of $9.17 and a 200-day moving average price of $14.88. Aspen Aerogels, Inc. has a twelve month low of $6.54 and a twelve month high of $33.15. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27.

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Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. Sell-side analysts predict that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ASPN. Canaccord Genuity Group decreased their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Seaport Res Ptn downgraded Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Roth Mkm dropped their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, February 14th. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, StockNews.com upgraded Aspen Aerogels to a "sell" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Aspen Aerogels has a consensus rating of "Moderate Buy" and a consensus price target of $19.11.

Aspen Aerogels Profile

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.