Sequoia Financial Advisors LLC Has $431,000 Stock Holdings in Rogers Co. (NYSE:ROG)

Sequoia Financial Advisors LLC cut its position in shares of Rogers Co. (NYSE:ROG) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,261 shares of the electronics maker’s stock after selling 225 shares during the period. Sequoia Financial Advisors LLC’s holdings in Rogers were worth $431,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ROG. Walleye Capital LLC grew its stake in Rogers by 2,125.9% in the 3rd quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker’s stock valued at $4,205,000 after buying an additional 30,549 shares during the last quarter. Pinnacle Associates Ltd. grew its stake in Rogers by 45.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock valued at $15,945,000 after buying an additional 37,456 shares during the last quarter. Inspire Investing LLC grew its stake in Rogers by 18.7% in the 3rd quarter. Inspire Investing LLC now owns 2,608 shares of the electronics maker’s stock valued at $343,000 after buying an additional 411 shares during the last quarter. Trexquant Investment LP acquired a new position in Rogers in the 3rd quarter valued at about $2,790,000. Finally, Schroder Investment Management Group acquired a new position in Rogers in the 3rd quarter valued at about $19,085,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Stock Performance

NYSE ROG opened at $105.75 on Thursday. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.97 billion, a P/E ratio of 34.90 and a beta of 0.69. Rogers Co. has a 12-month low of $105.73 and a 12-month high of $173.16. The firm has a 50-day moving average price of $115.57 and a two-hundred day moving average price of $121.99.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a return on equity of 5.82% and a net margin of 6.23%. The firm had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. Analysts anticipate that Rogers Co. will post 2.93 earnings per share 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.