Sargent Investment Group LLC Increases Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Sargent Investment Group LLC increased its stake in Aspen Aerogels, Inc. (NYSE:ASPN) by 24.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 337,281 shares of the construction company’s stock after acquiring an additional 65,571 shares during the quarter. Aspen Aerogels accounts for 1.2% of Sargent Investment Group LLC’s portfolio, making the stock its 22nd largest position. Sargent Investment Group LLC’s holdings in Aspen Aerogels were worth $5,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Aspen Aerogels by 71.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,052 shares of the construction company’s stock valued at $198,000 after acquiring an additional 9,601 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aspen Aerogels by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company’s stock valued at $205,000 after acquiring an additional 3,607 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in Aspen Aerogels during the 4th quarter valued at about $230,000. Raymond James Financial Services Advisors Inc. purchased a new position in Aspen Aerogels during the 4th quarter valued at about $265,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Aspen Aerogels during the 3rd quarter valued at about $334,000. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Aspen Aerogels Price Performance

ASPN stock traded up $0.39 during midday trading on Friday, reaching $16.10. 570,133 shares of the company’s stock traded hands, compared to its average volume of 585,921. The company has a current ratio of 3.41, a quick ratio of 2.91 and a debt-to-equity ratio of 0.24. Aspen Aerogels, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $19.10. The business has a 50-day moving average price of $16.49 and a two-hundred day moving average price of $13.34.

Aspen Aerogels (NYSE:ASPN) last announced its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. The firm had revenue of $84.22 million for the quarter, compared to analysts’ expectations 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 posted ($0.20) earnings per share. As a group, research analysts anticipate that Aspen Aerogels, Inc. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ASPN shares. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of Aspen Aerogels in a research note on Wednesday, February 14th. Roth Mkm started coverage on shares of Aspen Aerogels in a report on Wednesday, March 6th. They set a “buy” rating and a $22.00 price target for the company. Finally, TheStreet upgraded shares of Aspen Aerogels from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Aspen Aerogels Company 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.