Westport Advisers Lowers stake in Rogers Corporation (ROG)

Rogers Corporation (ROG) : Westport Advisers reduced its stake in Rogers Corporation by 2.19% during the most recent quarter end. The investment management company now holds a total of 220,995 shares of Rogers Corporation which is valued at $12,324,891 after selling 4,958 shares in Rogers Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Rogers Corporation makes up approximately 1.80% of Westport Advisers’s portfolio.

Other Hedge Funds, Including , Millennium Management added ROG to its portfolio by purchasing 4,557 company shares during the most recent quarter which is valued at $254,144. Stevens Capital Management Lp added ROG to its portfolio by purchasing 11,186 company shares during the most recent quarter which is valued at $623,843. Rogers Corporation makes up approx 0.02% of Stevens Capital Management Lp’s portfolio.Hightower Advisors boosted its stake in ROG in the latest quarter, The investment management firm added 960 additional shares and now holds a total of 5,800 shares of Rogers Corporation which is valued at $323,466.Alliancebernstein boosted its stake in ROG in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 31,553 shares of Rogers Corporation which is valued at $1,759,711.

Rogers Corporation opened for trading at $55.76 and hit $56.44 on the upside on Thursday, eventually ending the session at $56.09, with a gain of 0.32% or 0.18 points. The heightened volatility saw the trading volume jump to 1,23,725 shares. Company has a market cap of $1,012 M.

On the company’s financial health, Rogers Corporation reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.83. The company had revenue of $157.50 million for the quarter, compared to analysts expectations of $162.16 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Rogers Corporation is a supplier of specialty materials products. The Company supplies products across a range of end markets including portable communications communications infrastructure consumer electronics mass transit automotive defense and clean technology. The Company operates through segments: Printed Circuit Materials (PCM) High Performance Foams (HPF) Power Electronics Solutions (PES) and Others. The Printed Circuit Materials segment includes printed circuit board laminate products for high frequency and high performance applications. The High Performance Foams segment includes polyurethane and silicone foam as well as solid products manufactured in roll stock sheet and molded formats. The Power Electronics Solutions segment consists of direct bond copper (DBC) ceramic substrate products and busbar power distribution products. The Other segment consists of elastomer components floats and inverter distribution activities.

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