Sargent Investment Group LLC Raises Stake in Aspen Aerogels, Inc. (NYSE:ASPN)

Sargent Investment Group LLC raised its stake in Aspen Aerogels, Inc. (NYSE:ASPN - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,281 shares of the construction company's stock after buying an additional 65,571 shares during the period. Aspen Aerogels comprises 1.2% of Sargent Investment Group LLC's holdings, making the stock its 22nd biggest holding. Sargent Investment Group LLC owned about 0.48% of Aspen Aerogels worth $5,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ASPN. Semanteon Capital Management LP purchased a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $1,211,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $230,000. Federated Hermes Inc. lifted its position in shares of Aspen Aerogels by 53.9% in the 4th quarter. Federated Hermes Inc. now owns 1,154,042 shares of the construction company's stock worth $18,211,000 after purchasing an additional 404,042 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aspen Aerogels by 38.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,971 shares of the construction company's stock worth $205,000 after purchasing an additional 3,607 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Aspen Aerogels in the 4th quarter worth approximately $265,000. 97.64% of the stock is owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Up 2.5 %

Shares of NYSE ASPN traded up $0.39 during trading hours on Friday, hitting $16.10. 570,133 shares of the stock were exchanged, compared to its average volume of 585,921. The company has a quick ratio of 2.91, a current ratio of 3.41 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.24 billion, a PE ratio of -24.39 and a beta of 2.04. The firm has a fifty day moving average price of $16.49 and a 200-day moving average price of $13.38. Aspen Aerogels, Inc. has a 12 month low of $5.32 and a 12 month high of $19.10.

Aspen Aerogels (NYSE:ASPN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.11. Aspen Aerogels had a negative net margin of 19.19% and a negative return on equity of 10.47%. The business had revenue of $84.22 million for the quarter, compared to analyst estimates of $83.82 million. During the same quarter in the prior year, the business posted ($0.20) EPS. On average, sell-side analysts expect that Aspen Aerogels, Inc. will post -0.24 EPS for the current year.

Wall Street Analyst Weigh In

ASPN has been the subject of several research reports. Roth Mkm began coverage on shares of Aspen Aerogels in a research report on Wednesday, March 6th. They issued a "buy" rating and a $22.00 price target for the company. TheStreet upgraded shares of Aspen Aerogels from a "d+" rating to a "c-" rating in a research note on Wednesday, March 6th. Finally, HC Wainwright reiterated a "buy" rating and set a $20.00 price objective on shares of Aspen Aerogels in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Aspen Aerogels currently has an average rating of "Moderate Buy" and an average target price of $19.00.

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.