Man Group plc Buys Shares of 23,806 Travelzoo (NASDAQ:TZOO)

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

Other large investors have also added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in Travelzoo during the fourth quarter valued at $30,000. Lazard Asset Management LLC bought a new position in Travelzoo during the fourth quarter valued at $87,000. Tower Research Capital LLC TRC increased its position in Travelzoo by 556.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,599 shares of the information services provider's stock valued at $112,000 after acquiring an additional 4,746 shares during the last quarter. Wells Fargo & Company MN bought a new position in Travelzoo during the fourth quarter valued at $158,000. Finally, AdvisorShares Investments LLC bought a new position in Travelzoo during the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Wall Street Analysts Forecast Growth

TZOO has been the topic of a number of analyst reports. Noble Financial reiterated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research restated an "outperform" rating and issued a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $25.00.

Insider Activity

In related news, CEO Holger Bartel sold 4,000 shares of the company'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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Azzurro Capital Inc sold 32,500 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $14.33, for a total value of $465,725.00. Following the completion of the transaction, the insider now directly owns 4,322,696 shares in the company, valued at $61,944,233.68. This trade represents a 0.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $1,535,450 over the last ninety days. Corporate insiders own 57.45% of the company's stock.

Travelzoo Stock Performance

Shares of Travelzoo stock traded down $0.01 on Thursday, hitting $13.40. The company's stock had a trading volume of 76,810 shares, compared to its average volume of 125,674. Travelzoo has a 1 year low of $7.12 and a 1 year high of $24.85. The firm has a fifty day moving average price of $13.22 and a 200-day moving average price of $16.99. The company has a market capitalization of $148.67 million, a price-to-earnings ratio of 12.52 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted 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 company had revenue of $23.14 million during the quarter, compared to analysts' expectations of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. As a group, analysts forecast that Travelzoo will post 1.09 EPS for the current year.

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.