Trexquant Investment LP Buys New Shares in Aspen Aerogels, Inc. (NYSE:ASPN)

Trexquant Investment LP bought a new stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 400,664 shares of the construction company's stock, valued at approximately $4,760,000. Trexquant Investment LP owned 0.49% of Aspen Aerogels at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ASPN. Prescott Group Capital Management L.L.C. acquired a new stake in Aspen Aerogels during the 4th quarter worth about $5,126,000. Telemark Asset Management LLC lifted its position in shares of Aspen Aerogels by 26.8% during the fourth quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company's stock worth $22,482,000 after purchasing an additional 400,000 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Aspen Aerogels during the third quarter worth $10,126,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Aspen Aerogels by 204.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 509,430 shares of the construction company's stock valued at $14,106,000 after buying an additional 342,253 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Aspen Aerogels in the 4th quarter valued at $2,909,000. Institutional investors own 97.64% of the company's stock.

Aspen Aerogels Stock Down 7.9 %

Shares of Aspen Aerogels stock traded down $0.44 on Thursday, hitting $5.08. The company had a trading volume of 599,952 shares, compared to its average volume of 1,878,201. 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 market capitalization of $416.68 million, a P/E ratio of 31.79 and a beta of 2.35. Aspen Aerogels, Inc. has a twelve month low of $4.80 and a twelve month high of $33.15. The stock has a 50-day moving average of $7.85 and a 200-day moving average of $13.40.

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Aspen Aerogels (NYSE:ASPN - Get Free Report) last announced 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%. Research analysts predict that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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 note on Friday, February 14th. Seaport Res Ptn lowered Aspen Aerogels from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Barclays decreased their target price on shares of Aspen Aerogels from $25.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. B. Riley cut their price objective on Aspen Aerogels from $35.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen upgraded Aspen Aerogels to a "strong-buy" rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Aspen Aerogels currently has an average rating of "Moderate Buy" and a consensus 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.