Travelzoo (NASDAQ:TZOO) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. trimmed its stake in Travelzoo (NASDAQ:TZOOFree Report) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,469 shares of the information services provider’s stock after selling 3,413 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.07% of Travelzoo worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Travelzoo in the 3rd quarter valued at about $82,000. Hillsdale Investment Management Inc. purchased a new position in shares of Travelzoo during the fourth quarter valued at approximately $171,000. Janiczek Wealth Management LLC acquired a new stake in Travelzoo during the fourth quarter worth approximately $275,000. Jump Financial LLC grew its stake in Travelzoo by 46.4% in the 4th quarter. Jump Financial LLC now owns 30,900 shares of the information services provider’s stock worth $294,000 after acquiring an additional 9,800 shares during the period. Finally, Denali Advisors LLC raised its holdings in Travelzoo by 5.1% in the 4th quarter. Denali Advisors LLC now owns 39,200 shares of the information services provider’s stock valued at $374,000 after acquiring an additional 1,900 shares during the last quarter. 27.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 17,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $7.71, for a total transaction of $134,925.00. Following the completion of the sale, the insider now directly owns 5,142,371 shares in the company, valued at $39,647,680.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 158,431 shares of company stock valued at $1,548,000. 57.45% of the stock is currently owned by corporate insiders.

Travelzoo Stock Up 2.3 %

Shares of NASDAQ TZOO opened at $8.05 on Thursday. The stock has a market capitalization of $105.46 million, a PE ratio of 8.85 and a beta of 1.68. The firm has a fifty day moving average of $8.82 and a 200-day moving average of $9.17. Travelzoo has a 52-week low of $4.77 and a 52-week high of $11.23.

Travelzoo (NASDAQ:TZOOGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $21.99 million during the quarter, compared to the consensus estimate of $23.72 million. Travelzoo had a return on equity of 140.63% and a net margin of 15.24%. Equities research analysts expect that Travelzoo will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TZOO shares. StockNews.com raised Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barrington Research dropped their price objective on shares of Travelzoo from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th.

Read Our Latest Stock Report on TZOO

Travelzoo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travelzoo (NASDAQ:TZOO)

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