Renaissance Technologies LLC Has $724,000 Holdings in Rogers Co. (NYSE:ROG)

Renaissance Technologies LLC lowered its stake in shares of Rogers Co. (NYSE:ROG) by 89.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,000 shares of the electronics maker’s stock after selling 53,300 shares during the period. Renaissance Technologies LLC’s holdings in Rogers were worth $724,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROG. Schroder Investment Management Group lifted its holdings in shares of Rogers by 39.6% in the fourth quarter. Schroder Investment Management Group now owns 202,671 shares of the electronics maker’s stock valued at $26,767,000 after purchasing an additional 57,504 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Rogers during the 4th quarter worth $414,000. Washington Capital Management Inc. grew its stake in shares of Rogers by 25.9% in the 1st quarter. Washington Capital Management Inc. now owns 3,400 shares of the electronics maker’s stock worth $404,000 after acquiring an additional 700 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of Rogers by 0.8% in the first quarter. Bridge City Capital LLC now owns 17,271 shares of the electronics maker’s stock valued at $2,050,000 after purchasing an additional 136 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its position in shares of Rogers by 136,400.0% during the first quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock valued at $162,000 after purchasing an additional 1,364 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Brian Keith Larabee sold 600 shares of the business’s stock in a transaction dated 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 directly owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Rogers Stock Performance

Rogers stock opened at $101.06 on Wednesday. The stock has a market cap of $1.88 billion, a PE ratio of 27.76 and a beta of 0.50. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85. The firm’s 50-day simple moving average is $105.72 and its 200 day simple moving average is $114.31.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $214.20 million for the quarter, compared to the consensus estimate of $215.00 million. Rogers had a return on equity of 4.67% and a net margin of 6.75%. During the same quarter in the previous year, the business earned $1.07 EPS. As a group, analysts predict that Rogers Co. will post 3.04 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.