Cannell & Spears LLC raised its holdings in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 529.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,930 shares of the construction company's stock after purchasing an additional 52,930 shares during the period. Cannell & Spears LLC owned 0.08% of Aspen Aerogels worth $748,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Kovitz Investment Group Partners LLC purchased a new stake in Aspen Aerogels in the 3rd quarter valued at approximately $263,000. Morse Asset Management Inc acquired a new position in shares of Aspen Aerogels in the third quarter worth $264,000. AlphaQuest LLC lifted its position in shares of Aspen Aerogels by 54.0% in the fourth quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock valued at $135,000 after acquiring an additional 3,998 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Aspen Aerogels during the fourth quarter valued at $164,000. Finally, Maven Securities LTD purchased a new stake in Aspen Aerogels during the 3rd quarter worth about $415,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Aspen Aerogels Trading Down 3.0 %
Shares of Aspen Aerogels stock traded down $0.17 during trading hours 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 firm has a market capitalization of $447.64 million, a price-to-earnings ratio of 34.08 and a beta of 2.28. Aspen Aerogels, Inc. has a 1 year low of $5.03 and a 1 year 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. The firm has a 50 day simple moving average of $8.47 and a two-hundred day simple moving average of $14.07.
Aspen Aerogels (NYSE:ASPN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 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%. As a group, equities research analysts anticipate that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.
Analysts Set New Price Targets
ASPN has been the topic of a number of recent research reports. B. Riley reduced their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a research report on Tuesday, March 11th. Canaccord Genuity Group lowered 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. StockNews.com raised Aspen Aerogels to a "sell" rating in a research note on Wednesday, February 19th. Finally, Seaport Res Ptn downgraded Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One 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's stock. According to MarketBeat, Aspen Aerogels currently has a consensus rating of "Moderate Buy" and an average target price of $19.11.
Check Out Our Latest Analysis on ASPN
Aspen Aerogels Profile
(
Free Report)
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.
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