Royal Bank Cuts Stake in Laureate Education by 99% Amid Market Shifts
Royal Bank of Canada significantly reduced its stake in Laureate Education (NASDAQ:LAUR) by 99% in the first quarter, according to the company's latest 13F filing with the Securities and Exchange Commission. The bank owned 2,917 shares of the company's stock after selling 294,690 shares during the period.
The value of Royal Bank of Canada's holdings in Laureate Education was $102,000 at the end of the most recent reporting period. Several other hedge funds also recently added to or reduced their stakes in LAUR.
Quarry LP purchased a new stake in shares of Laureate Education during the fourth quarter valued at approximately $29,000. Allworth Financial LP boosted its stake in shares of Laureate Education by 109% in the fourth quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Laureate Education by 328.6% in the second quarter.
The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $37.80 and a 200-day simple moving average of $35.12.