First National Bank Sioux Falls Lowers stake in Raven Industries (RAVN)

Raven Industries (RAVN) : First National Bank Sioux Falls reduced its stake in Raven Industries by 7.24% during the most recent quarter end. The investment management company now holds a total of 115,337 shares of Raven Industries which is valued at $1,780,803 after selling 9,000 shares in Raven Industries , the firm said in a disclosure report filed with the SEC on May 3, 2016.Raven Industries makes up approximately 5.92% of First National Bank Sioux Falls’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in RAVN by selling 840 shares or 16.53% in the most recent quarter. The Hedge Fund company now holds 4,241 shares of RAVN which is valued at $68,238.Metlife Securities Inc boosted its stake in RAVN in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 173 shares of Raven Industries which is valued at $2,827. Quantitative Systematic Strategies sold out all of its stake in RAVN during the most recent quarter. The investment firm sold 20,017 shares of RAVN which is valued $327,078.Cardinal Capital Management boosted its stake in RAVN in the latest quarter, The investment management firm added 11,579 additional shares and now holds a total of 31,380 shares of Raven Industries which is valued at $512,749. Raven Industries makes up approx 0.21% of Cardinal Capital Management’s portfolio.

Raven Industries opened for trading at $15.43 and hit $15.78 on the upside on Tuesday, eventually ending the session at $15.71, with a gain of 1.95% or 0.3 points. The heightened volatility saw the trading volume jump to 46,866 shares. Company has a market cap of $570 M.

Many Wall Street Analysts have commented on Raven Industries. Raven Industries was Downgraded by Dougherty & Company to ” Neutral” on Mar 11, 2016.

Raven Industries Inc. is a diversified technology company providing a variety of products to customers within the industrial agricultural energy construction and military/aerospace markets. The Company markets its products around the world and has its principal operations in the United States. The Company operates in three segments: Applied Technology Division (Applied Technology) Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar). The Applied Technology segment designs manufactures sells and services precision agriculture products and information management tools for growers. The Engineered Films segment produces plastic films and sheeting for energy agricultural construction geomembrane and industrial applications. The Aerostar segment designs and manufactures products including balloons tethered aerostats and radar processing systems.

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