Healthcare of Ontario Pension Plan Trust Fund Sells 104,100 Shares of Rogers Co. (NYSE:ROG)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in Rogers Co. (NYSE:ROG) by 30.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 233,600 shares of the electronics maker’s stock after selling 104,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Rogers were worth $26,399,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Rogers in the second quarter worth $4,001,000. Texas Permanent School Fund Corp raised its stake in shares of Rogers by 34.1% during the second quarter. Texas Permanent School Fund Corp now owns 19,669 shares of the electronics maker’s stock valued at $2,372,000 after acquiring an additional 5,005 shares during the last quarter. Granite Investment Partners LLC raised its stake in shares of Rogers by 20.8% during the second quarter. Granite Investment Partners LLC now owns 97,963 shares of the electronics maker’s stock valued at $11,815,000 after acquiring an additional 16,854 shares during the last quarter. Nuance Investments LLC bought a new position in shares of Rogers during the second quarter valued at about $45,354,000. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Rogers by 9.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 4,200 shares of the electronics maker’s stock valued at $507,000 after acquiring an additional 379 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 4,400 shares of the company’s stock, valued at $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by insiders.

Rogers Trading Down 0.2 %

Shares of NYSE:ROG opened at $102.94 on Friday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 38.41 and a beta of 0.51. The company has a 50-day moving average price of $104.56 and a 200-day moving average price of $111.36. Rogers Co. has a 12 month low of $96.10 and a 12 month high of $138.85.

Rogers (NYSE:ROG) last issued its quarterly earnings data 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 the consensus estimate 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 firm posted $1.24 earnings per share. As a group, research analysts forecast that Rogers Co. will post 2.71 EPS for the current fiscal year.

About Rogers

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.