Aspen Aerogels, Inc. (NYSE:ASPN) Holdings Lifted by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC increased its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 248,243 shares of the construction company's stock after purchasing an additional 32,476 shares during the quarter. Essex Investment Management Co. LLC owned 0.30% of Aspen Aerogels worth $2,949,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ASPN. Quest Partners LLC increased its position in shares of Aspen Aerogels by 263.3% in the third 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 in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in Aspen Aerogels in the 3rd quarter valued at $252,000. Kovitz Investment Group Partners LLC purchased a new position in Aspen Aerogels in the third quarter valued at about $263,000. Morse Asset Management Inc acquired a new position in shares of Aspen Aerogels during the third quarter worth about $264,000. Finally, Sigma Planning Corp purchased a new stake in shares of Aspen Aerogels in the third quarter worth about $274,000. Hedge funds and other institutional investors own 97.64% of the company's stock.

Aspen Aerogels Stock Down 6.2 %

NYSE:ASPN traded down $0.46 during mid-day trading on Thursday, reaching $6.92. The stock had a trading volume of 1,270,278 shares, compared to its average volume of 1,793,462. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48. The company has a market capitalization of $567.44 million, a price-to-earnings ratio of 43.22 and a beta of 2.28. Aspen Aerogels, Inc. has a 1-year low of $6.70 and a 1-year high of $33.15. The stock's 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $16.38.

Remove Ads

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASPN shares. StockNews.com upgraded Aspen Aerogels to a "sell" rating in a report on Wednesday, February 19th. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a research note on Tuesday. Seaport Res Ptn downgraded shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, B. Riley lowered their target price on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.