Harel Insurance Investments & Financial Services Ltd. Cuts Stock Position in Aspen Aerogels, Inc. (NYSE:ASPN)

Harel Insurance Investments & Financial Services Ltd. reduced its position in Aspen Aerogels, Inc. (NYSE:ASPN) by 39.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,717 shares of the construction company’s stock after selling 3,084 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Aspen Aerogels were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASPN. BlackRock Inc. lifted its stake in shares of Aspen Aerogels by 10.5% in the 2nd quarter. BlackRock Inc. now owns 3,852,411 shares of the construction company’s stock valued at $30,396,000 after acquiring an additional 364,579 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Aspen Aerogels by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,445,887 shares of the construction company’s stock valued at $29,635,000 after acquiring an additional 14,013 shares during the last quarter. FMR LLC raised its position in Aspen Aerogels by 2.3% during the 1st quarter. FMR LLC now owns 2,334,537 shares of the construction company’s stock valued at $17,392,000 after purchasing an additional 52,898 shares during the last quarter. Koch Industries Inc. bought a new position in Aspen Aerogels during the 1st quarter valued at approximately $61,788,000. Finally, AIGH Capital Management LLC bought a new position in Aspen Aerogels during the 3rd quarter valued at approximately $15,067,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Down 0.9 %

Shares of NYSE:ASPN opened at $15.13 on Wednesday. Aspen Aerogels, Inc. has a 52-week low of $5.32 and a 52-week high of $19.10. The firm has a market capitalization of $1.16 billion, a P/E ratio of -22.92 and a beta of 2.04. The stock has a 50 day moving average price of $16.27 and a 200-day moving average price of $12.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.91 and a current ratio of 3.41.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TheStreet raised Aspen Aerogels from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Roth Mkm assumed coverage on Aspen Aerogels in a research report on Wednesday, March 6th. They set a “buy” rating and a $22.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of Aspen Aerogels in a research report on Wednesday, February 14th. Canaccord Genuity Group upped their price target on Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. Finally, Canaccord Genuity Group upped their price target on Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat, Aspen Aerogels currently 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.