Tidal Investments LLC Takes $710,000 Position in Travelzoo (NASDAQ:TZOO)

Tidal Investments LLC purchased a new stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,588 shares of the information services provider's stock, valued at approximately $710,000. Tidal Investments LLC owned approximately 0.30% of Travelzoo at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TZOO. Renaissance Technologies LLC raised its stake in Travelzoo by 17.9% during the 4th 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. Truffle Hound Capital LLC purchased a new position in shares of Travelzoo during the 4th quarter valued at $3,990,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Travelzoo by 66.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 113,337 shares of the information services provider's stock worth $2,261,000 after acquiring an additional 45,283 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo during the fourth quarter worth about $2,102,000. Finally, Millennium Management LLC raised its stake in Travelzoo by 528.4% during the 4th quarter. Millennium Management LLC now owns 77,307 shares of the information services provider's stock valued at $1,542,000 after purchasing an additional 65,004 shares during the period. 27.39% of the stock is owned by institutional investors.

Travelzoo Trading Up 2.2%

Shares of Travelzoo stock traded up $0.30 on Friday, hitting $13.70. 151,053 shares of the company traded hands, compared to its average volume of 126,199. The stock's 50 day moving average price is $13.18 and its 200-day moving average price is $16.89. Travelzoo has a 52 week low of $7.12 and a 52 week high of $24.85. The company has a market cap of $152.00 million, a PE ratio of 12.80 and a beta of 1.21.

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 for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The firm 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%. As a group, research analysts anticipate that Travelzoo will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Noble Financial restated an "outperform" rating on shares of Travelzoo in a research report on Wednesday, April 30th. Barrington Research restated an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Tuesday, April 29th. Finally, Ascendiant Capital Markets raised their price objective on shares of Travelzoo from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $25.67.

Insider Buying and Selling

In other news, major shareholder Azzurro Capital Inc sold 40,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.26, for a total value of $610,400.00. Following the completion of the sale, the insider now owns 4,382,696 shares in the company, 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 this hyperlink. Also, 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 transaction of $61,680.00. The disclosure for this sale can be found here. Insiders sold a total of 108,000 shares of company stock valued at $1,562,530 over the last three months. 57.45% of the stock is owned by company insiders.

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.