Man Group plc Takes Position in Travelzoo (NASDAQ:TZOO)

Man Group plc purchased a new stake in shares of Travelzoo (NASDAQ:TZOO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,806 shares of the information services provider’s stock, valued at approximately $475,000. Man Group plc owned 0.20% of Travelzoo as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of Travelzoo by 17.9% in the fourth quarter. Renaissance Technologies LLC now owns 710,182 shares of the information services provider’s stock worth $14,168,000 after buying an additional 107,681 shares during the period. Truffle Hound Capital LLC purchased a new stake in Travelzoo in the fourth quarter worth $3,990,000. O Shaughnessy Asset Management LLC lifted its position in shares of Travelzoo by 66.5% during 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 purchasing an additional 45,283 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Travelzoo during the fourth quarter valued at $2,102,000. Finally, Millennium Management LLC boosted its stake in shares of Travelzoo by 528.4% during the fourth 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 currently owned by institutional investors.

Travelzoo Price Performance

TZOO stock opened at $12.87 on Tuesday. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85. The business has a 50-day moving average price of $13.24 and a 200 day moving average price of $17.04. The company has a market capitalization of $142.79 million, a P/E ratio of 12.03 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $22.99 million. On average, analysts anticipate that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TZOO has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial reaffirmed an “outperform” rating on shares of Travelzoo in a research report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $25.00.

Insider Buying and Selling

In other Travelzoo 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 transaction, the insider now directly owns 4,382,696 shares in the company, valued at approximately $66,879,940.96. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 4,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 106,000 shares of company stock valued at $1,535,450 over the last 90 days. Corporate insiders own 57.45% of the company’s stock.

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.