Walleye Capital LLC acquired a new position in shares of Rogers Corporation (NYSE:ROG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,494 shares of the electronics maker’s stock, valued at approximately $3,519,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROG. Kemnay Advisory Services Inc. bought a new stake in shares of Rogers in the 4th quarter valued at approximately $42,000. Parallel Advisors LLC boosted its holdings in shares of Rogers by 19.7% in the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares during the period. Global Retirement Partners LLC increased its position in shares of Rogers by 6,576.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 1,118 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Rogers during the 3rd quarter valued at $127,000. Finally, Quadrant Capital Group LLC purchased a new stake in Rogers during the 3rd quarter valued at $130,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
Rogers Price Performance
Shares of NYSE:ROG opened at $143.40 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 81.94 and a beta of 0.51. The business has a 50 day simple moving average of $141.75 and a two-hundred day simple moving average of $125.95. Rogers Corporation has a 1 year low of $72.49 and a 1 year high of $169.00.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on ROG shares. B. Riley Financial raised their price target on Rogers to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $200.00.
Get Our Latest Analysis on ROG
Rogers Company Profile
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.
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