Aspen Aerogels, Inc. (NYSE:ASPN) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 472.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 766,400 shares of the construction company's stock after buying an additional 632,500 shares during the quarter. Renaissance Technologies LLC owned 0.93% of Aspen Aerogels worth $9,105,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in Aspen Aerogels by 54.0% in the 4th quarter. AlphaQuest LLC now owns 11,395 shares of the construction company's stock worth $135,000 after buying an additional 3,998 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Aspen Aerogels during the fourth quarter worth about $164,000. Journey Strategic Wealth LLC acquired a new position in shares of Aspen Aerogels in the fourth quarter worth about $178,000. Ballentine Partners LLC boosted its holdings in Aspen Aerogels by 19.2% in the fourth 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 during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Aspen Aerogels during the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 97.64% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ASPN. B. Riley reduced 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. Canaccord Genuity Group reduced their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Roth Mkm dropped their target price on shares of 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 shares of Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, Craig Hallum lowered their price objective on Aspen Aerogels from $21.00 to $18.00 and set a "buy" rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Aspen Aerogels presently has an average rating of "Moderate Buy" and a consensus target price of $19.11.

Aspen Aerogels Stock Performance

Shares of NYSE:ASPN traded up $0.23 during trading on Wednesday, hitting $5.39. 402,794 shares of the company traded hands, compared to its average volume of 1,912,290. Aspen Aerogels, Inc. has a one year low of $4.80 and a one year high of $33.15. The stock has a market capitalization of $442.55 million, a price-to-earnings ratio of 33.69 and a beta of 2.35. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. The business's fifty day moving average is $6.73 and its 200-day moving average is $12.06.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last released its 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 analysts predict that Aspen Aerogels, Inc. will post 0.17 earnings per share 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.