Marathon Asset Management Ltd lessened its holdings in Rogers Co. (NYSE:ROG - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,846 shares of the electronics maker's stock after selling 10,848 shares during the period. Marathon Asset Management Ltd owned about 0.87% of Rogers worth $16,548,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in ROG. Creative Planning grew its position in Rogers by 26.1% in the 3rd quarter. Creative Planning now owns 5,531 shares of the electronics maker's stock worth $625,000 after purchasing an additional 1,144 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Rogers during the 3rd quarter valued at approximately $388,000. KBC Group NV lifted its stake in Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker's stock worth $76,000 after purchasing an additional 236 shares in the last quarter. Royce & Associates LP lifted its stake in Rogers by 0.7% in the 3rd quarter. Royce & Associates LP now owns 543,946 shares of the electronics maker's stock worth $61,471,000 after purchasing an additional 3,584 shares in the last quarter. Finally, Nuance Investments LLC lifted its stake in Rogers by 70.2% in the 3rd quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker's stock worth $72,319,000 after purchasing an additional 263,898 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Rogers stock opened at $79.81 on Monday. The firm's fifty day moving average price is $94.17 and its 200-day moving average price is $100.92. The stock has a market cap of $1.48 billion, a P/E ratio of 56.60 and a beta of 0.51. Rogers Co. has a fifty-two week low of $79.45 and a fifty-two week high of $134.07.
Rogers (NYSE:ROG - Get Free Report) last released its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. During the same quarter last year, the firm earned $0.60 EPS. On average, analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.
Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.
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