CastleKnight Management LP lessened its position in Travelzoo (NASDAQ:TZOO - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,789 shares of the information services provider's stock after selling 20,800 shares during the period. CastleKnight Management LP owned about 0.18% of Travelzoo worth $415,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Travelzoo in the 3rd quarter valued at approximately $298,000. Barclays PLC bought a new stake in Travelzoo in the third quarter worth approximately $138,000. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 7,857 shares in the last quarter. Virtu Financial LLC bought a new stake in Travelzoo during the third quarter worth $173,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 valued at $2,909,000 after buying an additional 18,651 shares during the last quarter. Institutional investors and hedge funds own 27.39% of the company's stock.
Insider Activity
In other news, major shareholder Azzurro Capital Inc sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $14.43, for a total value of $36,075.00. Following the completion of the transaction, the insider now owns 4,295,196 shares of the company's stock, valued at $61,979,678.28. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Holger Bartel sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $15.42, for a total transaction of $61,680.00. The disclosure for this sale can be found here. Insiders have sold a total of 104,000 shares of company stock valued at $1,507,630 over the last quarter. Corporate insiders own 57.45% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on TZOO. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial reaffirmed an "outperform" rating on shares of Travelzoo in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Travelzoo presently has an average rating of "Buy" and an average target price of $25.00.
View Our Latest Research Report on TZOO
Travelzoo Price Performance
Shares of TZOO traded down $0.16 during midday trading on Monday, reaching $14.51. The stock had a trading volume of 50,351 shares, compared to its average volume of 127,874. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85. The company's fifty day simple moving average is $13.44 and its two-hundred day simple moving average is $17.32. The company has a market cap of $163.11 million, a price-to-earnings ratio of 13.58 and a beta of 1.21.
Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. On average, sell-side analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.
About Travelzoo
(
Free Report)
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.
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