Panagora Asset Management Inc. Has $1.60 Million Holdings in Rogers Corporation $ROG

Key Points

• Panagora Asset Management Inc. decreased its holdings in Rogers Corporation by 48.7% during the first quarter, now owning approximately $1.6 million worth of shares.
• Other institutional investors significantly increased their stakes, with Signaturefd LLC raising its stake by a remarkable 6,118.8% during the same period.
• Rogers Corporation reported earnings of $0.34 EPS, which missed analysts' expectations by $0.16, while its revenue for the quarter was $202.8 million.

Panagora Asset Management Inc. decreased its stake in Rogers Corporation (NYSE:ROG - Free Report) by 48.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,758 shares of the electronics maker's stock after selling 22,597 shares during the period. Panagora Asset Management Inc. owned about 0.13% of Rogers worth $1,604,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Magnetar Financial LLC purchased a new position in Rogers during the 1st quarter valued at approximately $310,000. State of Wyoming lifted its stake in shares of Rogers by 17.2% in the first quarter. State of Wyoming now owns 16,483 shares of the electronics maker's stock worth $1,113,000 after buying an additional 2,414 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Rogers by 63.7% during the first quarter. Gamco Investors INC. ET AL now owns 190,150 shares of the electronics maker's stock valued at $12,841,000 after acquiring an additional 74,025 shares during the last quarter. Gabelli Funds LLC grew its holdings in Rogers by 80.7% during the 1st quarter. Gabelli Funds LLC now owns 76,700 shares of the electronics maker's stock worth $5,180,000 after acquiring an additional 34,250 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Rogers in the 1st quarter valued at $397,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Down 0.8%

NYSE ROG traded down $0.65 during mid-day trading on Monday, hitting $78.11. The stock had a trading volume of 93,453 shares, compared to its average volume of 230,183. Rogers Corporation has a 52-week low of $51.43 and a 52-week high of $114.05. The company has a 50 day simple moving average of $72.29 and a 200 day simple moving average of $69.32. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -22.17 and a beta of 0.50.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.16). Rogers had a positive return on equity of 3.04% and a negative net margin of 8.14%.The firm had revenue of $202.80 million during the quarter, compared to analyst estimates of $198.75 million. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. As a group, equities analysts anticipate that Rogers Corporation will post 3.57 earnings per share 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.