Cooper Creek Partners Management LLC Takes $8.32 Million Position in Rogers Co. (NYSE:ROG)

Cooper Creek Partners Management LLC purchased a new position in shares of Rogers Co. (NYSE:ROG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 81,850 shares of the electronics maker's stock, valued at approximately $8,317,000. Cooper Creek Partners Management LLC owned about 0.44% of Rogers as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ROG. Vanguard Group Inc. boosted its stake in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock worth $239,125,000 after buying an additional 40,835 shares in the last quarter. Norges Bank purchased a new position in Rogers in the 4th quarter worth $113,725,000. Neuberger Berman Group LLC boosted its position in Rogers by 35.6% during the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after buying an additional 255,423 shares during the period. Nuance Investments LLC grew its stake in shares of Rogers by 26.6% during the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock valued at $82,312,000 after buying an additional 170,145 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Rogers by 1.2% in the 3rd quarter. State Street Corp now owns 706,815 shares of the electronics maker's stock valued at $79,877,000 after acquiring an additional 8,402 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Rogers Price Performance

ROG traded up $1.13 during trading on Friday, hitting $53.82. 376,814 shares of the stock traded hands, compared to its average volume of 167,925. The firm has a 50-day moving average of $73.26 and a 200 day moving average of $91.81. Rogers Co. has a 12-month low of $51.43 and a 12-month high of $134.07. The firm has a market capitalization of $996.73 million, a P/E ratio of 38.17 and a beta of 0.51.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same quarter in the prior year, the company posted $0.60 EPS. As a group, equities analysts predict that Rogers Co. will post 3.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, CL King assumed coverage on Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 price target on the stock.

About Rogers

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.