Cornerstone Investment Partners LLC Acquires Shares of 14,606 Aspen Aerogels, Inc. (NYSE:ASPN)

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

Several other large investors have also bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in Aspen Aerogels by 451.1% during the 1st quarter. Captrust Financial Advisors now owns 722 shares of the construction company’s stock valued at $25,000 after acquiring an additional 591 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Aspen Aerogels by 37.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,539 shares of the construction company’s stock valued at $87,000 after acquiring an additional 692 shares in the last quarter. BNP Paribas Arbitrage SNC raised its stake in shares of Aspen Aerogels by 15.1% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,987 shares of the construction company’s stock worth $64,000 after purchasing an additional 919 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Aspen Aerogels by 1.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 58,592 shares of the construction company’s stock worth $2,021,000 after purchasing an additional 970 shares during the period. Finally, Mariner LLC raised its stake in shares of Aspen Aerogels by 10.3% during the 3rd quarter. Mariner LLC now owns 14,936 shares of the construction company’s stock worth $128,000 after purchasing an additional 1,400 shares during the period. 97.64% of the stock is currently owned by institutional investors.

Aspen Aerogels Stock Up 0.3 %

Aspen Aerogels stock traded up $0.05 during midday trading on Friday, reaching $14.87. The stock had a trading volume of 157,530 shares, compared to its average volume of 969,103. Aspen Aerogels, Inc. has a 12 month low of $5.32 and a 12 month high of $19.10. The firm’s 50-day moving average price is $16.41 and its 200 day moving average price is $12.97. 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 (NYSE:ASPN) last posted its 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 business had revenue of $84.22 million during the quarter, compared to analyst estimates of $83.82 million. Aspen Aerogels had a negative return on equity of 10.47% and a negative net margin of 19.19%. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, research analysts predict that Aspen Aerogels, Inc. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ASPN has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their target price on Aspen Aerogels from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. HC Wainwright reiterated a “buy” rating and set a $20.00 target price on shares of Aspen Aerogels in a research note on Wednesday, February 14th. TheStreet upgraded Aspen Aerogels from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group boosted their price objective on Aspen Aerogels from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, December 27th. Finally, Roth Mkm started coverage on Aspen Aerogels in a research note on Wednesday, March 6th. They issued a “buy” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.