AlphaQuest LLC Raises Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

AlphaQuest LLC boosted its position in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 54.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,395 shares of the construction company’s stock after purchasing an additional 3,998 shares during the period. AlphaQuest LLC’s holdings in Aspen Aerogels were worth $135,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of 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 purchasing an additional 1,146 shares during the period. Franklin Resources Inc. raised its stake in shares of Aspen Aerogels by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 29,418 shares of the construction company’s stock valued at $815,000 after acquiring an additional 1,483 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Aspen Aerogels by 5.0% in the 4th quarter. Greenwood Capital Associates LLC now owns 36,938 shares of the construction company’s stock valued at $439,000 after acquiring an additional 1,749 shares during the period. Rhumbline Advisers raised its stake in shares of Aspen Aerogels by 2.8% in the 4th quarter. Rhumbline Advisers now owns 93,044 shares of the construction company’s stock valued at $1,105,000 after acquiring an additional 2,554 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Aspen Aerogels by 19.2% in the 4th quarter. Ballentine Partners LLC now owns 15,914 shares of the construction company’s stock valued at $189,000 after acquiring an additional 2,565 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Price Performance

Shares of ASPN opened at $7.38 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.27. Aspen Aerogels, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $33.15. The company has a market cap of $605.19 million, a P/E ratio of 46.10 and a beta of 2.28. The firm’s 50 day moving average price is $10.09 and its 200 day moving average price is $15.82.

Aspen Aerogels (NYSE:ASPN) last posted its quarterly earnings results on Wednesday, February 12th. The construction company reported $0.15 EPS for the quarter, topping 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%. On average, research analysts forecast that Aspen Aerogels, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Roth Mkm reduced their price target on shares of Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Barclays reduced their price target on shares of Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a research note on Wednesday, February 19th. 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. Finally, TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a research note on Tuesday, March 11th. One equities research 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 stock. Based on data from MarketBeat, Aspen Aerogels presently has an average 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.