Marathon Asset Management Ltd Sells 15,708 Shares of Rogers Corporation (NYSE:ROG)

Marathon Asset Management Ltd reduced its holdings in Rogers Corporation (NYSE:ROG - Free Report) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,138 shares of the electronics maker's stock after selling 15,708 shares during the quarter. Marathon Asset Management Ltd owned 0.79% of Rogers worth $9,937,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after acquiring an additional 118 shares during the last quarter. GAMMA Investing LLC increased its stake in Rogers by 243.5% in the 1st quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker's stock worth $25,000 after acquiring an additional 263 shares during the last quarter. Bridge City Capital LLC increased its stake in Rogers by 1.6% in the 1st quarter. Bridge City Capital LLC now owns 20,208 shares of the electronics maker's stock worth $1,365,000 after acquiring an additional 314 shares during the last quarter. Covestor Ltd increased its stake in Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after acquiring an additional 354 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rogers by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,685 shares of the electronics maker's stock worth $1,086,000 after acquiring an additional 398 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROG. CL King initiated coverage on Rogers in a research note on Monday, March 31st. They issued a "buy" rating and a $85.00 target price on the stock. B. Riley upped their price objective on Rogers from $80.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th.

Insider Activity at Rogers

In related news, VP Griffin Melaney Gappert sold 756 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the sale, the vice president now directly owns 4,484 shares in the company, valued at $280,474.20. This represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.35% of the stock is currently owned by company insiders.

Rogers Trading Down 0.9%

ROG opened at $68.56 on Friday. The stock has a 50-day moving average price of $65.87 and a 200-day moving average price of $78.16. Rogers Corporation has a 12-month low of $51.43 and a 12-month high of $134.07. The stock has a market capitalization of $1.27 billion, a P/E ratio of 75.34 and a beta of 0.45.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Rogers had a return on equity of 3.52% and a net margin of 2.09%. The firm had revenue of $190.50 million during the quarter, compared to analysts' expectations of $187.50 million. On average, equities research analysts predict that Rogers Corporation will post 3.57 EPS for the current year.

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.

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