683 Capital Management LLC Makes New Investment in Travelzoo (NASDAQ:TZOO)

683 Capital Management LLC bought a new position in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,661 shares of the information services provider's stock, valued at approximately $751,000. 683 Capital Management LLC owned 0.32% of Travelzoo as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TZOO. Jane Street Group LLC acquired a new stake in Travelzoo during the 3rd quarter valued at approximately $298,000. Barclays PLC purchased a new position in shares of Travelzoo during the third quarter worth $138,000. Geode Capital Management LLC lifted its position in Travelzoo by 10.6% during the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock valued at $991,000 after purchasing an additional 7,857 shares during the period. Virtu Financial LLC purchased a new stake in Travelzoo in the third quarter valued at $173,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 14.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider's stock worth $2,909,000 after purchasing an additional 18,651 shares during the period. Hedge funds and other institutional investors own 27.39% of the company's stock.

Travelzoo Price Performance

TZOO stock traded up $0.04 during midday trading on Friday, hitting $14.18. 183,992 shares of the stock traded hands, compared to its average volume of 127,994. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85. The stock's fifty day simple moving average is $13.58 and its 200-day simple moving average is $17.29. The firm has a market cap of $159.45 million, a P/E ratio of 13.25 and a beta of 1.41.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. On average, research analysts predict that Travelzoo will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research note on Tuesday, April 29th.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the transaction, the insider now directly owns 4,382,696 shares of the company's stock, valued at approximately $66,879,940.96. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total value of $61,680.00. The disclosure for this sale can be found here. Insiders sold 101,500 shares of company stock worth $1,471,555 over the last three months. 47.00% of the stock is currently owned by corporate insiders.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.