Mycio Wealth Partners buys $3.2 Million stake in Rogers Corporation (ROG)

Rogers Corporation (ROG) : Mycio Wealth Partners scooped up 14,513 additional shares in Rogers Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 51,411 shares of Rogers Corporation which is valued at $3.2 Million.Rogers Corporation makes up approximately 0.56% of Mycio Wealth Partners’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp added ROG to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $3,068.First Trust Advisors Lp reduced its stake in ROG by selling 4,558 shares or 16.11% in the most recent quarter. The Hedge Fund company now holds 23,740 shares of ROG which is valued at $1.5 Million.Blackrock Institutional Trust Company N.a. boosted its stake in ROG in the latest quarter, The investment management firm added 10,562 additional shares and now holds a total of 482,351 shares of Rogers Corporation which is valued at $29.6 Million.Tiaa Cref Investment Management reduced its stake in ROG by selling 33,156 shares or 35.12% in the most recent quarter. The Hedge Fund company now holds 61,242 shares of ROG which is valued at $3.9 Million.Wedge Capital Management L L Pnc boosted its stake in ROG in the latest quarter, The investment management firm added 498 additional shares and now holds a total of 6,798 shares of Rogers Corporation which is valued at $429,702.

Rogers Corporation opened for trading at $61.25 and hit $62.835 on the upside on Monday, eventually ending the session at $62.55, with a gain of 1.96% or 1.2 points. The heightened volatility saw the trading volume jump to 58,125 shares. Company has a market cap of $1,126 M.

On the company’s financial health, Rogers Corporation reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.63. The company had revenue of $160.57 million for the quarter, compared to analysts expectations of $151.24 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Rogers Corporation. Rogers Corporation was Initiated by Drexel Hamilton to “Buy” on Mar 11, 2016.

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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