14,606 Shares in Aspen Aerogels, Inc. (NYSE:ASPN) Acquired by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC bought a new position in shares of Aspen Aerogels, Inc. (NYSE:ASPN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 14,606 shares of the construction company’s stock, valued at approximately $230,000.

Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Aspen Aerogels by 451.1% during the 1st quarter. Captrust Financial Advisors now owns 722 shares of the construction company’s stock worth $25,000 after buying an additional 591 shares during the period. Ensign Peak Advisors Inc acquired a new stake in Aspen Aerogels during the 3rd quarter worth approximately $35,000. Clear Street Markets LLC acquired a new stake in Aspen Aerogels during the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC raised its holdings in Aspen Aerogels by 458.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,360 shares of the construction company’s stock worth $54,000 after buying an additional 6,041 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in Aspen Aerogels by 204.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,068 shares of the construction company’s stock worth $60,000 after buying an additional 4,072 shares during the period. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Aspen Aerogels Stock Up 0.3 %

ASPN traded up $0.05 during trading on Friday, reaching $14.87. 157,530 shares of the stock were exchanged, compared to its average volume of 969,103. Aspen Aerogels, Inc. has a twelve month low of $5.32 and a twelve month high of $19.10. The stock’s 50 day moving average price is $16.41 and its two-hundred day moving average price is $12.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.41 and a quick ratio of 2.91.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.11. The business had revenue of $84.22 million for the quarter, compared to the consensus estimate of $83.82 million. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. During the same period in the previous year, the company earned ($0.20) earnings per share. Equities analysts forecast that Aspen Aerogels, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $20.00 price objective on shares of Aspen Aerogels in a report on Wednesday, February 14th. Canaccord Genuity Group lifted their price objective on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 27th. TheStreet upgraded shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Roth Mkm assumed coverage on shares of Aspen Aerogels in a report on Wednesday, March 6th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their price objective on shares of Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

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.