Quantbot Technologies LP bought a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 64,672 shares of the construction company's stock, valued at approximately $768,000. Quantbot Technologies LP owned about 0.08% of Aspen Aerogels as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Abbot Financial Management Inc. raised its stake in Aspen Aerogels by 3.9% during the fourth quarter. Abbot Financial Management Inc. now owns 30,255 shares of the construction company's stock worth $359,000 after acquiring an additional 1,146 shares during the period. Franklin Resources Inc. raised its position in shares of Aspen Aerogels by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company's stock worth $815,000 after purchasing an additional 1,483 shares during the period. Greenwood Capital Associates LLC raised its position 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 purchasing an additional 1,749 shares during the period. Swiss National Bank lifted its holdings in shares of Aspen Aerogels by 1.9% in the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company's stock worth $1,530,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Aspen Aerogels by 2.8% during the 4th quarter. Rhumbline Advisers now owns 93,044 shares of the construction company's stock valued at $1,105,000 after purchasing an additional 2,554 shares during the period. Institutional investors and hedge funds own 97.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ASPN. StockNews.com upgraded Aspen Aerogels to a "sell" rating in a research note on Wednesday, February 19th. B. Riley reduced their target price on shares of Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. TD Cowen upgraded shares of Aspen Aerogels to a "strong-buy" rating in a research note on Tuesday, March 11th. Craig Hallum cut their price target on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Seaport Res Ptn lowered Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.11.
Check Out Our Latest Stock Analysis on ASPN
Aspen Aerogels Price Performance
Shares of ASPN traded down $0.36 during mid-day trading on Friday, hitting $6.60. The company's stock had a trading volume of 1,944,087 shares, compared to its average volume of 1,837,578. 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 firm has a 50-day moving average price of $9.04 and a 200 day moving average price of $14.64. Aspen Aerogels, Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $33.15. The stock has a market capitalization of $541.48 million, a price-to-earnings ratio of 41.22 and a beta of 2.28.
Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share for the quarter, topping 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, research analysts predict that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.
About Aspen Aerogels
(
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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