400,664 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Bought by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in Aspen Aerogels, Inc. (NYSE:ASPN) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 400,664 shares of the construction company’s stock, valued at approximately $4,760,000.

A number of other large investors also recently bought and sold shares of ASPN. Abbot Financial Management Inc. increased its stake in shares of 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. boosted its holdings in 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 purchasing an additional 1,483 shares in the last quarter. Greenwood Capital Associates LLC increased its position in 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 raised its stake in shares of Aspen Aerogels by 1.9% during the 4th quarter. Swiss National Bank now owns 128,800 shares of the construction company’s stock worth $1,530,000 after buying an additional 2,400 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings 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 buying an additional 2,554 shares during the period. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ASPN shares. B. Riley dropped their price objective on Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. TD Cowen upgraded shares of Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Canaccord Genuity Group reduced their price objective on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, February 14th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Wednesday, February 19th. Finally, Roth Mkm reduced their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.11.

Aspen Aerogels Stock Down 3.0 %

Shares of NYSE ASPN opened at $5.45 on Friday. 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’s 50-day moving average is $8.47 and its two-hundred day moving average is $14.07. Aspen Aerogels, Inc. has a 12-month low of $5.03 and a 12-month high of $33.15. The company has a market capitalization of $447.64 million, a PE ratio of 34.08 and a beta of 2.28.

Aspen Aerogels (NYSE:ASPN) last posted its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) 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 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.