Heartland Advisors Inc. reduced its stake in shares of Aspen Aerogels Inc (NYSE:ASPN) by 26.7% in the 3rd quarter, Holdings Channel reports. The firm owned 550,000 shares of the construction company’s stock after selling 200,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Aspen Aerogels were worth $2,514,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ASPN. Dimensional Fund Advisors LP raised its position in shares of Aspen Aerogels by 23.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 160,515 shares of the construction company’s stock worth $685,000 after acquiring an additional 30,593 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of Aspen Aerogels by 18.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 344,310 shares of the construction company’s stock worth $1,573,000 after acquiring an additional 53,188 shares in the last quarter. Quantum Capital Management raised its position in shares of Aspen Aerogels by 5.5% in the 2nd quarter. Quantum Capital Management now owns 348,699 shares of the construction company’s stock worth $1,709,000 after acquiring an additional 18,155 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Aspen Aerogels by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 483,800 shares of the construction company’s stock worth $2,371,000 after acquiring an additional 54,100 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Aspen Aerogels by 6.2% in the 2nd quarter. Royce & Associates LP now owns 892,018 shares of the construction company’s stock worth $4,371,000 after acquiring an additional 52,376 shares in the last quarter. 66.92% of the stock is owned by institutional investors and hedge funds.

Shares of ASPN opened at $3.45 on Tuesday. Aspen Aerogels Inc has a one year low of $3.30 and a one year high of $5.58.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Thursday, November 1st. The construction company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.03). The firm had revenue of $23.94 million during the quarter. Aspen Aerogels had a negative net margin of 20.96% and a negative return on equity of 23.92%. As a group, research analysts predict that Aspen Aerogels Inc will post -0.93 EPS for the current fiscal year.

Separately, Canaccord Genuity set a $6.00 price objective on Aspen Aerogels and gave the stock a “buy” rating in a research report on Tuesday, July 24th.

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Aspen Aerogels Profile

Aspen Aerogels, Inc, an aerogel technology company, designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and building materials markets worldwide. The company provides Pyrogel XT-E that reduces the risk of corrosion under insulation in energy infrastructure operating systems; Pyrogel HPS for applications within the power generation market with operating temperatures greater than 400 C; Pyrogel XTF to provide strong protection against fire; Cryogel Z for sub-ambient and cryogenic applications in the energy infrastructure market; and Spaceloft Subsea for use in pipe-in-pipe applications in offshore oil production.

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

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