Invenomic Capital Management LP Purchases Shares of 27,053 Rogers Co. (NYSE:ROG)

Invenomic Capital Management LP acquired a new position in Rogers Co. (NYSE:ROG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,053 shares of the electronics maker’s stock, valued at approximately $3,057,000. Invenomic Capital Management LP owned about 0.14% of Rogers at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Nuance Investments LLC acquired a new position in Rogers during the 2nd quarter worth $45,354,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Rogers by 100.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock worth $40,730,000 after purchasing an additional 169,200 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Rogers by 948.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock worth $14,279,000 after purchasing an additional 114,302 shares during the last quarter. Marshall Wace LLP bought a new stake in Rogers during the 2nd quarter valued at approximately $10,077,000. Finally, Dimensional Fund Advisors LP grew its holdings in Rogers by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after buying an additional 82,922 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Rogers Stock Down 0.6 %

Shares of ROG stock opened at $105.43 on Wednesday. Rogers Co. has a 12 month low of $96.10 and a 12 month high of $138.85. The firm has a market cap of $1.97 billion, a PE ratio of 39.34 and a beta of 0.52. The stock has a 50 day moving average of $104.57 and a 200-day moving average of $110.97.

Rogers (NYSE:ROG) last released its earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.85 by $0.13. The firm had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same period in the prior year, the company earned $1.24 EPS. As a group, equities analysts predict that Rogers Co. will post 2.71 EPS for the current fiscal year.

Insider Activity at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the transaction, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. This represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

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.