CastleKnight Management LP Trims Stock Position in Travelzoo (NASDAQ:TZOO)

CastleKnight Management LP trimmed its holdings in Travelzoo (NASDAQ:TZOO - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,789 shares of the information services provider's stock after selling 20,800 shares during the quarter. CastleKnight Management LP owned about 0.18% of Travelzoo worth $415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ancora Advisors LLC purchased a new stake in shares of Travelzoo in the fourth quarter valued at about $30,000. American Century Companies Inc. lifted its stake in shares of Travelzoo by 21.3% in the 4th quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock valued at $282,000 after purchasing an additional 2,483 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Travelzoo by 12.1% during the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after purchasing an additional 2,995 shares during the period. Tower Research Capital LLC TRC raised its holdings in Travelzoo by 556.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock valued at $112,000 after buying an additional 4,746 shares during the period. Finally, Geode Capital Management LLC lifted its position in Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock valued at $991,000 after buying an additional 7,857 shares during the last quarter. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible 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 104,000 shares of company stock valued at $1,507,630 in the last ninety days. Insiders own 57.45% of the company's stock.

Travelzoo Stock Up 2.6 %

NASDAQ TZOO traded up $0.37 during trading hours on Friday, hitting $14.64. 86,853 shares of the company were exchanged, compared to its average volume of 128,041. The firm has a market cap of $164.63 million, a price-to-earnings ratio of 13.68 and a beta of 1.21. The company has a 50 day moving average of $13.44 and a two-hundred day moving average of $17.28. Travelzoo has a 52-week low of $7.12 and a 52-week high of $24.85.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barrington Research restated an "outperform" rating and issued a $17.00 price objective on shares of Travelzoo in a report on Tuesday, April 29th. Noble Financial restated an "outperform" rating on shares of Travelzoo in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Travelzoo has an average rating of "Buy" and a consensus target price of $25.00.

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.