Spark Investment Management LLC lowered its stake in Travelzoo Inc. (NASDAQ:TZOO) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,700 shares of the information services provider’s stock after selling 3,800 shares during the period. Spark Investment Management LLC’s holdings in Travelzoo were worth $588,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. ClariVest Asset Management LLC raised its stake in Travelzoo by 5.4% in the first quarter. ClariVest Asset Management LLC now owns 11,470 shares of the information services provider’s stock valued at $111,000 after buying an additional 584 shares during the period. Bank of New York Mellon Corp raised its stake in Travelzoo by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 13,887 shares of the information services provider’s stock valued at $134,000 after buying an additional 603 shares during the period. Brandes Investment Partners LP bought a new stake in Travelzoo during the first quarter valued at approximately $141,000. Nine Chapters Capital Management LLC raised its stake in Travelzoo by 19.1% in the first quarter. Nine Chapters Capital Management LLC now owns 15,600 shares of the information services provider’s stock valued at $151,000 after buying an additional 2,504 shares during the period. Finally, TFS Capital LLC bought a new stake in Travelzoo during the first quarter valued at approximately $181,000. 24.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Travelzoo Inc. (TZOO) opened at 8.65 on Friday. Travelzoo Inc. has a one year low of $8.30 and a one year high of $13.27. The firm has a market capitalization of $109.95 million, a price-to-earnings ratio of 20.02 and a beta of 1.46. The firm has a 50-day moving average price of $10.50 and a 200 day moving average price of $9.80.
Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $26.40 million during the quarter, compared to the consensus estimate of $27.53 million. Travelzoo had a return on equity of 22.26% and a net margin of 5.23%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Equities analysts forecast that Travelzoo Inc. will post $0.16 earnings per share for the current fiscal year.
Separately, TheStreet raised Travelzoo from a “d+” rating to a “c-” rating in a report on Monday, May 1st.
In other Travelzoo news, Director Ralph Bartel sold 123,296 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $10.14, for a total transaction of $1,250,221.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Azzurro Capital Inc sold 59,688 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $10.92, for a total value of $651,792.96. Following the transaction, the insider now owns 7,410,925 shares in the company, valued at approximately $80,927,301. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 225,842 shares of company stock valued at $2,356,458. 58.51% of the stock is owned by company insiders.
Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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