Quantbot Technologies LP Has $317,000 Position in Rogers Co. (NYSE:ROG)

Quantbot Technologies LP cut its holdings in Rogers Co. (NYSE:ROG) by 51.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,122 shares of the electronics maker’s stock after selling 3,251 shares during the period. Quantbot Technologies LP’s holdings in Rogers were worth $317,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Rogers by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock worth $8,726,000 after buying an additional 17,648 shares during the period. Geode Capital Management LLC increased its position in Rogers by 1.3% during the third quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock worth $46,461,000 after acquiring an additional 5,164 shares during the period. Invenomic Capital Management LP bought a new position in Rogers during the third quarter worth $3,057,000. Jane Street Group LLC raised its stake in Rogers by 46.8% during the 3rd quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker’s stock valued at $3,053,000 after purchasing an additional 8,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Rogers by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock valued at $25,947,000 after purchasing an additional 11,876 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Performance

NYSE:ROG opened at $67.73 on Friday. The firm’s 50-day moving average is $84.08 and its 200-day moving average is $96.70. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 48.04 and a beta of 0.56. Rogers Co. has a 52-week low of $67.40 and a 52-week high of $134.07.

Rogers (NYSE:ROG) last issued 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 firm had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. During the same period in the previous year, the company posted $0.60 earnings per share. Equities analysts predict that Rogers Co. will post 3.57 EPS for the current 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.