Man Group plc Invests $475,000 in Travelzoo (NASDAQ:TZOO)

Man Group plc bought a new stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,806 shares of the information services provider's stock, valued at approximately $475,000. Man Group plc owned 0.20% of Travelzoo at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Travelzoo by 352.5% in the fourth quarter. JPMorgan Chase & Co. now owns 57,224 shares of the information services provider's stock worth $1,142,000 after acquiring an additional 44,578 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo during the fourth quarter valued at $2,102,000. Renaissance Technologies LLC boosted its position in shares of Travelzoo by 17.9% during the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider's stock valued at $14,168,000 after buying an additional 107,681 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Travelzoo during the fourth quarter valued at $671,000. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Travelzoo during the fourth quarter valued at $3,990,000. Institutional investors own 27.39% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction, the insider now owns 4,382,696 shares of the company's stock, valued at approximately $66,879,940.96. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed 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 shares were 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 have sold a total of 108,000 shares of company stock valued at $1,562,530 in the last quarter. 57.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TZOO has been the topic of several research reports. Noble Financial reissued an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Ascendiant Capital Markets raised their target price on Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research report on Tuesday, April 29th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $25.67.

Travelzoo Price Performance

Shares of TZOO stock traded up $0.30 during trading hours on Friday, reaching $13.70. 151,053 shares of the company traded hands, compared to its average volume of 126,199. Travelzoo has a 12-month low of $7.12 and a 12-month high of $24.85. The company has a market cap of $152.00 million, a P/E ratio of 12.80 and a beta of 1.21. The firm has a 50-day moving average price of $13.18 and a 200 day moving average price of $16.90.

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

Travelzoo Profile

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.