Aspen Aerogels, Inc. (NYSE:ASPN) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd reduced its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,287 shares of the construction company’s stock after selling 107,100 shares during the period. UniSuper Management Pty Ltd owned approximately 1.03% of Aspen Aerogels worth $10,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Aspen Aerogels by 23.6% in the 3rd quarter. FMR LLC now owns 4,050,896 shares of the construction company’s stock worth $112,169,000 after acquiring an additional 773,647 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Aspen Aerogels in the fourth quarter valued at about $5,126,000. Telemark Asset Management LLC raised its stake in shares of Aspen Aerogels by 26.8% in 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 during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Aspen Aerogels during the third quarter worth about $10,126,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Aspen Aerogels by 204.7% in the third 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 during the last quarter. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Down 1.5 %

Aspen Aerogels stock opened at $6.94 on Friday. Aspen Aerogels, Inc. has a 12 month low of $6.60 and a 12 month high of $33.15. The stock has a market capitalization of $569.40 million, a PE ratio of 43.35 and a beta of 2.28. 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 business has a 50 day simple moving average of $9.17 and a 200-day simple moving average of $14.88.

Aspen Aerogels (NYSE:ASPN) last issued 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, analysts anticipate that Aspen Aerogels, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on ASPN. Barclays reduced their price target 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. TD Cowen raised shares of Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Craig Hallum lowered their price target on shares of Aspen Aerogels from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, February 14th. StockNews.com raised Aspen Aerogels to a “sell” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm decreased their price objective on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 14th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.11.

About Aspen Aerogels

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.