California Public Employees Retirement System held its stake in shares of Aspen Aerogels, Inc. (NYSE:ASPN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,000 shares of the construction company’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Aspen Aerogels were worth $1,266,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ASPN. Spark Investment Management LLC increased its stake in Aspen Aerogels by 186.0% in the first quarter. Spark Investment Management LLC now owns 30,600 shares of the construction company’s stock valued at $126,000 after buying an additional 19,900 shares in the last quarter. Mesirow Financial Investment Management Equity Management increased its stake in Aspen Aerogels by 27.3% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 71,412 shares of the construction company’s stock valued at $296,000 after buying an additional 15,315 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in Aspen Aerogels by 1.2% in the first quarter. Tocqueville Asset Management L.P. now owns 846,655 shares of the construction company’s stock valued at $3,514,000 after buying an additional 10,000 shares in the last quarter. Heartland Advisors Inc. increased its stake in Aspen Aerogels by 8.2% in the first quarter. Heartland Advisors Inc. now owns 920,000 shares of the construction company’s stock valued at $3,818,000 after buying an additional 70,000 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Aspen Aerogels by 13.4% in the first quarter. Ameriprise Financial Inc. now owns 1,002,566 shares of the construction company’s stock valued at $4,161,000 after buying an additional 118,491 shares in the last quarter. Institutional investors and hedge funds own 74.27% of the company’s stock.

Shares of Aspen Aerogels, Inc. (NYSE:ASPN) opened at 4.73 on Wednesday. The stock’s 50 day moving average price is $4.40 and its 200 day moving average price is $4.28. Aspen Aerogels, Inc. has a 12-month low of $3.61 and a 12-month high of $6.71. The company’s market cap is $97.35 million.

Aspen Aerogels (NYSE:ASPN) last released its earnings results on Thursday, August 3rd. The construction company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.01. Aspen Aerogels had a negative return on equity of 20.95% and a negative net margin of 22.22%. The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $24.79 million. During the same quarter last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts forecast that Aspen Aerogels, Inc. will post ($0.86) EPS for the current year.

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ASPN has been the subject of several recent research reports. Zacks Investment Research upgraded Aspen Aerogels from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Citigroup Inc. boosted their price objective on Aspen Aerogels from $4.50 to $4.75 and gave the company a “neutral” rating in a report on Tuesday, May 30th. Finally, ValuEngine downgraded Aspen Aerogels from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.92.

About Aspen Aerogels

Aspen Aerogels, Inc is an energy technology company that designs, develops and manufactures aerogel insulation used primarily in energy infrastructure facilities. The Company also performs contract research services for various federal and non-federal government agencies, including the Department of Defense, the Department of Energy and other institutions.

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Institutional Ownership by Quarter for Aspen Aerogels (NYSE:ASPN)

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