Marathon Asset Management Ltd Has $16.55 Million Stock Position in Rogers Co. (NYSE:ROG)

Marathon Asset Management Ltd lessened its stake in Rogers Co. (NYSE:ROG - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,846 shares of the electronics maker's stock after selling 10,848 shares during the period. Marathon Asset Management Ltd owned 0.87% of Rogers worth $16,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redwood Investment Management LLC boosted its stake in shares of Rogers by 4.9% during the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker's stock worth $509,000 after acquiring an additional 216 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Rogers by 5.7% during the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock valued at $440,000 after acquiring an additional 232 shares during the last quarter. KBC Group NV grew its holdings in shares of Rogers by 54.5% during 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 during the period. Procyon Advisors LLC grew its holdings in shares of Rogers by 11.9% during the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock worth $316,000 after purchasing an additional 331 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Rogers by 11.0% during the 4th quarter. Handelsbanken Fonder AB now owns 6,072 shares of the electronics maker's stock worth $617,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Rogers Price Performance

NYSE ROG traded up $2.61 on Wednesday, reaching $77.83. The company had a trading volume of 170,119 shares, compared to its average volume of 148,365. The firm has a market capitalization of $1.44 billion, a PE ratio of 55.20 and a beta of 0.56. Rogers Co. has a 1 year low of $71.86 and a 1 year high of $134.07. The firm has a 50-day moving average of $93.08 and a 200-day moving average of $100.47.

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

Rogers Profile

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.