Marathon Asset Management Ltd Cuts Stock Position in Rogers Co. (NYSE:ROG)

Marathon Asset Management Ltd trimmed its holdings in shares of Rogers Co. (NYSE:ROG - Free Report) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,694 shares of the electronics maker's stock after selling 20,264 shares during the period. Marathon Asset Management Ltd owned about 0.93% of Rogers worth $19,628,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ROG. Asset Dedication LLC purchased a new position in shares of Rogers during the 2nd quarter worth approximately $25,000. Bessemer Group Inc. boosted its position in Rogers by 2,926.3% during the first quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker's stock worth $68,000 after acquiring an additional 556 shares during the last quarter. Covestor Ltd boosted its position in Rogers by 629.5% during the first quarter. Covestor Ltd now owns 766 shares of the electronics maker's stock worth $91,000 after acquiring an additional 661 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Rogers during the first quarter worth approximately $95,000. Finally, Quest Partners LLC boosted its position in Rogers by 39,200.0% during the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker's stock worth $95,000 after acquiring an additional 784 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rogers news, VP Brian Keith Larabee sold 600 shares of Rogers stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the transaction, the vice president now owns 3,409 shares in the company, valued at $420,568.33. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by company insiders.

Rogers Stock Performance

NYSE ROG traded down $1.10 during mid-day trading on Friday, reaching $104.75. 119,464 shares of the stock were exchanged, compared to its average volume of 150,545. Rogers Co. has a 1-year low of $96.41 and a 1-year high of $138.85. The business's fifty day simple moving average is $104.81 and its 200 day simple moving average is $113.56. The stock has a market capitalization of $1.95 billion, a PE ratio of 28.78 and a beta of 0.50.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The firm had revenue of $214.20 million for the quarter, compared to analyst estimates of $215.00 million. During the same quarter last year, the business earned $1.07 earnings per share. On average, analysts anticipate that Rogers Co. will post 3.04 EPS for the current year.

Rogers Company 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.