105,382 Shares in Travelzoo (NASDAQ:TZOO) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in shares of Travelzoo (NASDAQ:TZOO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 105,382 shares of the information services provider's stock, valued at approximately $2,102,000. Arrowstreet Capital Limited Partnership owned approximately 0.89% of Travelzoo as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TZOO. Quadrature Capital Ltd bought a new position in Travelzoo during the 3rd quarter worth $134,000. Barclays PLC acquired a new stake in shares of Travelzoo during the 3rd quarter worth $138,000. American Century Companies Inc. increased its position in shares of Travelzoo by 21.3% in the fourth quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock worth $282,000 after purchasing an additional 2,483 shares during the period. Virtu Financial LLC acquired a new position in Travelzoo in the third quarter valued at about $173,000. Finally, Jane Street Group LLC bought a new stake in Travelzoo during the third quarter worth about $298,000. 27.39% of the stock is owned by institutional investors.

Travelzoo Price Performance

NASDAQ:TZOO traded down $0.17 during trading hours on Wednesday, hitting $11.98. The company's stock had a trading volume of 8,090 shares, compared to its average volume of 123,019. Travelzoo has a twelve month low of $7.12 and a twelve month high of $24.85. The stock has a fifty day simple moving average of $15.38 and a 200-day simple moving average of $17.17. The company has a market capitalization of $134.72 million, a P/E ratio of 11.20 and a beta of 1.41.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $20.68 million for the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities analysts predict that Travelzoo will post 1.09 EPS for the current fiscal year.

Insider Activity at Travelzoo

In related news, CEO Holger Bartel sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total value of $61,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00. Following the sale, the insider now directly owns 4,382,696 shares in the company, valued at $66,879,940.96. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock valued at $1,471,555 in the last 90 days. 57.45% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research decreased their target price on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th.

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.