AlphaQuest LLC Sells 11,887 Shares of Rogers Corporation $ROG

AlphaQuest LLC cut its position in shares of Rogers Corporation (NYSE:ROG) by 72.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,553 shares of the electronics maker’s stock after selling 11,887 shares during the period. AlphaQuest LLC’s holdings in Rogers were worth $366,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Rogers in the 2nd quarter worth approximately $89,111,000. Atreides Management LP purchased a new position in shares of Rogers during the second quarter worth approximately $12,888,000. Ameriprise Financial Inc. lifted its holdings in shares of Rogers by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after acquiring an additional 165,174 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Rogers in the 1st quarter worth approximately $4,345,000. Finally, Federated Hermes Inc. boosted its stake in shares of Rogers by 30,616.4% in the 2nd quarter. Federated Hermes Inc. now owns 52,525 shares of the electronics maker’s stock valued at $3,597,000 after purchasing an additional 52,354 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

ROG stock opened at $105.97 on Friday. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $107.05. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -29.19 and a beta of 0.40. The business’s 50 day moving average price is $94.62 and its two-hundred day moving average price is $84.66.

Analyst Ratings Changes

A number of brokerages recently commented on ROG. B. Riley Financial reiterated a “buy” rating on shares of Rogers in a research report on Thursday, October 30th. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. Finally, Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rogers presently has an average rating of “Hold” and an average target price of $85.00.

About Rogers

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.