Travelzoo $TZOO Shares Purchased by Truvestments Capital LLC

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 increased its stake in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 3,732.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,288 shares of the information services provider's stock after purchasing an additional 36,315 shares during the quarter. Truvestments Capital LLC owned 0.33% of Travelzoo worth $508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in Travelzoo during the 4th quarter worth $30,000. Bank of New York Mellon Corp grew its stake in Travelzoo by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider's stock worth $914,000 after purchasing an additional 1,668 shares in the last quarter. US Bancorp DE acquired a new position in Travelzoo during the 1st quarter worth $31,000. American Century Companies Inc. grew its stake in Travelzoo by 17.0% during the 1st quarter. American Century Companies Inc. now owns 16,548 shares of the information services provider's stock worth $226,000 after purchasing an additional 2,404 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Travelzoo by 12.1% during the 4th quarter. Northern Trust Corp now owns 27,678 shares of the information services provider's stock worth $552,000 after purchasing an additional 2,995 shares in the last quarter. 27.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Travelzoo in a research report on Thursday, July 24th. Ascendiant Capital Markets upped their target price on Travelzoo from $25.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen cut Travelzoo from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Travelzoo has an average rating of "Buy" and a consensus price target of $26.00.

Travelzoo Stock Up 0.3%

TZOO traded up $0.03 on Monday, hitting $9.81. 108,569 shares of the company traded hands, compared to its average volume of 105,721. The company has a 50 day moving average of $11.43 and a 200-day moving average of $13.07. The stock has a market capitalization of $107.72 million, a PE ratio of 11.02 and a beta of 1.01. Travelzoo has a 12-month low of $9.37 and a 12-month high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.11). The company had revenue of $23.91 million for the quarter, compared to analysts' expectations of $23.51 million. Travelzoo had a net margin of 12.32% and a return on equity of 1,186.62%. On average, research analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 76,500 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $13.15, for a total transaction of $1,005,975.00. Following the completion of the transaction, the insider directly owned 4,062,696 shares of the company's stock, valued at approximately $53,424,452.40. This represents a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 202,500 shares of company stock worth $2,328,814. Corporate insiders own 43.20% of the company's stock.

Travelzoo Company 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.