Queen of the Small Caps cuts Hostelworld stake
An American investor known as the Queen of the Small Caps has slashed her stake in Hostelworld after it announced a profit warning last week.
Leah Zell Wanger’s Lizard Investors, which is based in Chicago, sold just under 2 per cent of the company’s shares last week, worth over £2.5 million (€2.75 million).
Zell Wanger, who specialises in European companies with small capitalisations - that is, low numbers of shares in issue...
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