American Century Companies Inc. Decreases Stock Holdings in Aspen Aerogels, Inc. (NYSE:ASPN)

American Century Companies Inc. reduced its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,003,184 shares of the construction company's stock after selling 487,939 shares during the quarter. American Century Companies Inc. owned approximately 1.22% of Aspen Aerogels worth $11,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ASPN. Abbot Financial Management Inc. raised its holdings in shares of Aspen Aerogels by 3.9% in the 4th quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company's stock worth $359,000 after purchasing an additional 1,146 shares during the period. Franklin Resources Inc. raised its stake in shares of Aspen Aerogels by 5.3% in the third quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company's stock valued at $815,000 after buying an additional 1,483 shares during the period. Greenwood Capital Associates LLC grew its stake in shares of Aspen Aerogels by 5.0% during the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company's stock worth $439,000 after acquiring an additional 1,749 shares during the period. Swiss National Bank grew its stake in shares of Aspen Aerogels by 1.9% during the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company's stock worth $1,530,000 after acquiring an additional 2,400 shares during the period. Finally, Rhumbline Advisers raised its stake in Aspen Aerogels by 2.8% in the 4th quarter. Rhumbline Advisers now owns 93,044 shares of the construction company's stock valued at $1,105,000 after acquiring an additional 2,554 shares during the period. Hedge funds and other institutional investors own 97.64% of the company's stock.

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Analyst Ratings Changes

ASPN has been the subject of several analyst reports. StockNews.com raised shares of Aspen Aerogels to a "sell" rating in a report on Wednesday, February 19th. Roth Mkm reduced their price target on Aspen Aerogels from $22.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Seaport Res Ptn cut Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Craig Hallum decreased their price target on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, Barclays lowered their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating on the stock in a research note 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.11.

Aspen Aerogels Price Performance

Shares of ASPN traded down $0.17 during midday trading on Friday, reaching $5.45. The stock had a trading volume of 2,893,316 shares, compared to its average volume of 1,859,886. The company has a market capitalization of $447.64 million, a price-to-earnings ratio of 34.08 and a beta of 2.28. The company has a current ratio of 2.93, a quick ratio of 2.48 and a debt-to-equity ratio of 0.27. Aspen Aerogels, Inc. has a 12-month low of $5.03 and a 12-month high of $33.15. The company's 50-day moving average is $8.47 and its 200 day moving average is $13.99.

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

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.