Yacktman Asset Management Lp Lowers stake in Raven Industries (RAVN)

Raven Industries (RAVN) : Yacktman Asset Management Lp reduced its stake in Raven Industries by 32.5% during the most recent quarter end. The investment management company now holds a total of 27,000 shares of Raven Industries which is valued at $568,620 after selling 13,000 shares in Raven Industries , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.

Other Hedge Funds, Including , Diversified Trust Co sold out all of its stake in RAVN during the most recent quarter. The investment firm sold 10,276 shares of RAVN which is valued $215,796.Franklin Street Advisors Inc Nc reduced its stake in RAVN by selling 5,100 shares or 26.36% in the most recent quarter. The Hedge Fund company now holds 14,250 shares of RAVN which is valued at $277,875. Raven Industries makes up approx 0.05% of Franklin Street Advisors Inc Nc’s portfolio.

Raven Industries closed down -0.05 points or -0.24% at $21.01 with 1,83,342 shares getting traded on Thursday. Post opening the session at $21.03, the shares hit an intraday low of $20.96 and an intraday high of $21.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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