Truvestments Capital LLC Raises Position in Travelzoo $TZOO

Key Points

• Truvestments Capital LLC dramatically increased its stake in Travelzoo by 3,732.3% during Q1, acquiring a total of 37,288 shares, currently valued at approximately $508,000.
• Several large investors, including American Century Companies Inc. and Hennion & Walsh Asset Management Inc., also increased their holdings in Travelzoo during the same period, demonstrating growing institutional interest.
• Travelzoo’s stock opened at $9.77, reflecting a slight decline, with a recent quarterly earnings report showing EPS of $0.12, missing the analysts' consensus by $0.11.

Truvestments Capital LLC raised its stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 3,732.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,288 shares of the information services provider's stock after purchasing an additional 36,315 shares during the period. Truvestments Capital LLC owned 0.33% of Travelzoo worth $508,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ancora Advisors LLC bought a new stake in Travelzoo during the fourth quarter valued at about $30,000. US Bancorp DE bought a new stake in Travelzoo during the first quarter valued at about $31,000. Lazard Asset Management LLC bought a new stake in Travelzoo during the fourth quarter valued at about $87,000. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 4,746 shares during the period. Finally, Wells Fargo & Company MN bought a new stake in Travelzoo during the fourth quarter valued at about $158,000. Institutional investors own 27.39% of the company's stock.

Travelzoo Trading Down 0.9%

Shares of NASDAQ:TZOO traded down $0.09 during mid-day trading on Tuesday, reaching $9.73. The stock had a trading volume of 94,192 shares, compared to its average volume of 135,381. The company has a market cap of $106.78 million, a P/E ratio of 10.93 and a beta of 1.01. Travelzoo has a 1 year low of $9.37 and a 1 year high of $24.85. The business's 50 day moving average price is $11.38 and its 200 day moving average price is $12.99.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.11). The firm had revenue of $23.91 million during the quarter, compared to analysts' expectations of $23.51 million. Travelzoo had a return on equity of 1,186.62% and a net margin of 12.32%. Analysts predict that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on TZOO. Barrington Research reissued an "outperform" rating and set a $17.00 price target on shares of Travelzoo in a report on Thursday, July 24th. Wall Street Zen lowered Travelzoo from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Ascendiant Capital Markets upped their price objective on Travelzoo from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Four 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 $26.00.

Insider Activity at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 22,500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.04, for a total value of $225,900.00. Following the sale, the insider directly owned 3,912,696 shares in the company, valued at approximately $39,283,467.84. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 202,500 shares of company stock valued at $2,328,814 in the last quarter. 43.20% of the stock is currently owned by 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.