Royce & Associates LP Decreases Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Royce & Associates LP decreased its holdings in shares of Aspen Aerogels, Inc. (NYSE:ASPN) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 946,623 shares of the construction company’s stock after selling 265,474 shares during the period. Royce & Associates LP owned approximately 1.15% of Aspen Aerogels worth $11,246,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted 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 purchasing an additional 773,647 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Aspen Aerogels during the fourth quarter valued at $5,126,000. Telemark Asset Management LLC increased its position in shares of Aspen Aerogels by 26.8% in the 4th quarter. Telemark Asset Management LLC now owns 1,892,424 shares of the construction company’s stock valued at $22,482,000 after acquiring an additional 400,000 shares during the period. Lord Abbett & CO. LLC purchased a new position in Aspen Aerogels in the 3rd quarter worth $10,126,000. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 worth $14,106,000 after acquiring an additional 342,253 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ASPN shares. Seaport Res Ptn lowered Aspen Aerogels from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Craig Hallum cut 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. B. Riley decreased their price objective on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Barclays cut their price objective 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. Finally, Canaccord Genuity Group decreased their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.11.

Aspen Aerogels Trading Down 0.1 %

Shares of ASPN stock opened at $7.38 on Tuesday. 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 debt-to-equity ratio of 0.27, a quick ratio of 2.48 and a current ratio of 2.93. The stock’s fifty day moving average is $10.09 and its two-hundred day moving average is $15.82. The firm has a market capitalization of $605.19 million, a P/E ratio of 46.10 and a beta of 2.28.

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