Conestoga Capital Advisors Raised Its Rogers (ROG) Holding; ADELAIDE BRIGHTON AU (ADBCF) Shorts Lowered By 2.75%

December 6, 2017 - By Peter Erickson

Conestoga Capital Advisors Llc increased Rogers Corp (ROG) stake by 17.53% reported in 2017Q2 SEC filing. Conestoga Capital Advisors Llc acquired 47,747 shares as Rogers Corp (ROG)’s stock rose 35.82%. The Conestoga Capital Advisors Llc holds 320,130 shares with $34.77 million value, up from 272,383 last quarter. Rogers Corp now has $2.77B valuation. The stock decreased 0.35% or $0.54 during the last trading session, reaching $151.71. About 25,231 shares traded. Rogers Corporation (NYSE:ROG) has risen 78.68% since December 6, 2016 and is uptrending. It has outperformed by 61.98% the S&P500.

ADELAIDE BRIGHTON AU (OTCMKTS:ADBCF) had a decrease of 2.75% in short interest. ADBCF’s SI was 2.84M shares in December as released by FINRA. Its down 2.75% from 2.92 million shares previously. With 100 avg volume, 28350 days are for ADELAIDE BRIGHTON AU (OTCMKTS:ADBCF)’s short sellers to cover ADBCF’s short positions. It closed at $4.89 lastly. It is down 0.00% since December 6, 2016 and is . It has underperformed by 16.70% the S&P500.

Adelaide Brighton Limited manufactures and distributes construction materials in Australia. The company has market cap of $3.39 billion. The firm operates in two divisions Cement, Lime, Concrete and Aggregates; and Concrete Products. It has a 23.51 P/E ratio. It offers cement, cementitious products, lime, premixed concrete, aggregates, and sand, as well as concrete bricks, blocks, pavers, retaining walls, erosion control products, architectural masonry products, and reconstituted stone veneers.

Investors sentiment decreased to 1.16 in 2017 Q2. Its down 0.41, from 1.57 in 2017Q1. It turned negative, as 26 investors sold ROG shares while 61 reduced holdings. 40 funds opened positions while 61 raised stakes. 16.61 million shares or 0.33% less from 16.66 million shares in 2017Q1 were reported. Commonwealth Equity Incorporated has 2,283 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0.01% in Rogers Corporation (NYSE:ROG). Trillium Asset Mngmt Limited Company owns 14,148 shares or 0.09% of their US portfolio. Ameriprise Financial Incorporated holds 0.02% of its portfolio in Rogers Corporation (NYSE:ROG) for 372,382 shares. Federated Investors Pa reported 0.03% stake. Canada Pension Plan Invest Board holds 14,000 shares or 0% of its portfolio. Beck Mack And Oliver Lc reported 2,500 shares stake. Thrivent For Lutherans holds 10,960 shares or 0% of its portfolio. Pinebridge Invests Lp accumulated 15,288 shares. Assetmark, a California-based fund reported 206 shares. Rhumbline Advisers reported 35,640 shares. Moreover, Eagle Boston Investment Management has 1.77% invested in Rogers Corporation (NYSE:ROG) for 150,303 shares. Kennedy Capital Mgmt accumulated 67,465 shares. Chatham Capital Gru Inc accumulated 0.45% or 14,950 shares. Moreover, First Trust Advsrs Limited Partnership has 0% invested in Rogers Corporation (NYSE:ROG) for 13,368 shares.

Among 3 analysts covering Rogers Corp (NYSE:ROG), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rogers Corp had 11 analyst reports since October 2, 2015 according to SRatingsIntel. B. Riley & Co initiated it with “Neutral” rating and $60 target in Friday, October 2 report. The company was maintained on Tuesday, August 15 by B. Riley & Co. Needham maintained the stock with “Buy” rating in Wednesday, August 2 report. The stock of Rogers Corporation (NYSE:ROG) has “Neutral” rating given on Wednesday, November 16 by Sidoti. The rating was initiated by Needham with “Buy” on Tuesday, September 13. The stock of Rogers Corporation (NYSE:ROG) has “Buy” rating given on Friday, April 28 by Needham. As per Wednesday, April 12, the company rating was upgraded by Sidoti. B. Riley & Co maintained Rogers Corporation (NYSE:ROG) rating on Monday, July 31. B. Riley & Co has “Buy” rating and $12000 target. On Friday, November 3 the stock rating was maintained by Needham with “Buy”. B. Riley & Co upgraded Rogers Corporation (NYSE:ROG) rating on Thursday, March 10. B. Riley & Co has “Buy” rating and $70 target.

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