State Board of Administration of Florida Retirement System Has $166,000 Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

State Board of Administration of Florida Retirement System trimmed its position in Aspen Aerogels, Inc. (NYSE:ASPN – Get Rating) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,118 shares of the construction company’s stock after selling 4,990 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Aspen Aerogels were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Flputnam Investment Management Co. acquired a new position in Aspen Aerogels during the 3rd quarter valued at $148,000. Legato Capital Management LLC acquired a new position in Aspen Aerogels during the 4th quarter valued at $607,000. New York State Common Retirement Fund raised its stake in Aspen Aerogels by 1,844.7% during the 4th quarter. New York State Common Retirement Fund now owns 383,696 shares of the construction company’s stock valued at $4,524,000 after purchasing an additional 363,966 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Aspen Aerogels by 160.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 130,156 shares of the construction company’s stock valued at $1,200,000 after purchasing an additional 80,258 shares during the last quarter. Finally, Cowen Prime Advisors LLC raised its stake in Aspen Aerogels by 43.8% during the 4th quarter. Cowen Prime Advisors LLC now owns 1,051,925 shares of the construction company’s stock valued at $12,402,000 after purchasing an additional 320,575 shares during the last quarter.

Aspen Aerogels Stock Up 1.9 %

ASPN opened at $7.33 on Tuesday. The firm’s 50-day simple moving average is $6.88 and its 200-day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.91 and a current ratio of 4.30. Aspen Aerogels, Inc. has a twelve month low of $5.41 and a twelve month high of $21.48. The firm has a market cap of $513.91 million, a price-to-earnings ratio of -3.92 and a beta of 2.10.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Canaccord Genuity Group cut their target price on shares of Aspen Aerogels from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, February 17th. HC Wainwright reissued a “buy” rating on shares of Aspen Aerogels in a report on Friday, May 5th. StockNews.com raised shares of Aspen Aerogels to a “sell” rating in a report on Saturday, May 13th. Piper Sandler lowered their price target on shares of Aspen Aerogels from $33.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Finally, B. Riley reissued a “buy” rating on shares of Aspen Aerogels in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Aspen Aerogels presently has an average rating of “Moderate Buy” and a consensus target price of $24.13.

About Aspen Aerogels

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Aspen Aerogels, Inc engages in designing, developing, and manufacturing aerogel insulation used primarily in the energy infrastructure and building materials markets. Its products include Cryogel, Pyrogel, and Spaceloft. The company was founded by Hamed S. Borhanian, Patrick J. Piper, and Kang P. Lee in May 2001 and is headquartered in Northborough, MA.