Royal Bank Cuts Stake in Discount Retailer Ollie's Bargain Outlet

Royal Bank of Canada has reduced its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 16.4% during the first quarter. According to a recent SEC filing, the firm owned approximately 437,749 shares of the company's stock after selling 86,149 shares during the period.

As of its most recent SEC filing, Royal Bank of Canada owned about 0.72% of Ollie's Bargain Outlet worth $40,291,000. This is not an isolated move by the firm, as several other institutional investors have also recently made changes to their positions in the company.

Wasatch Advisors LP grew its position in shares of Ollie's Bargain Outlet by 1.2% during the second quarter and now owns 4,062,147 shares valued at $535,310,000. Invesco Ltd. raised its stake in the company by 17.2% during the third quarter and now owns 2,992,848 shares worth $384,282,000.

Goldman Sachs Group Inc. lifted its stake in Ollie's Bargain Outlet by 315.9% during the fourth quarter and now owns 1,707,117 shares valued at $187,117,000. Dimensional Fund Advisors LP boosted its holdings in the company by 6.1% during the first quarter and now owns 1,272,306 shares worth $117,098,000.