OxFORD Asset Management LLP reduced its position in shares of Travelzoo Inc. (NASDAQ:TZOO) by 52.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,654 shares of the information services provider’s stock after selling 35,891 shares during the quarter. OxFORD Asset Management LLP owned 0.25% of Travelzoo worth $358,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its stake in Travelzoo by 3.8% during the 2nd quarter. Northern Trust Corp now owns 54,944 shares of the information services provider’s stock valued at $601,000 after purchasing an additional 2,034 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Travelzoo during the 2nd quarter valued at about $365,000. Finally, Bank of New York Mellon Corp increased its stake in Travelzoo by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 13,887 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 25.13% of the company’s stock.
Separately, ValuEngine upgraded shares of Travelzoo from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
In other news, Director Ralph Bartel sold 14,806 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $11.00, for a total transaction of $162,866.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 58.51% of the company’s stock.
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Shares of Travelzoo Inc. (NASDAQ TZOO) opened at 7.80 on Friday. The company has a market capitalization of $99.15 million, a price-to-earnings ratio of 18.06 and a beta of 1.49. The stock has a 50 day moving average of $8.27 and a 200-day moving average of $9.50. Travelzoo Inc. has a 52 week low of $7.55 and a 52 week high of $12.20.
Travelzoo (NASDAQ:TZOO) last released its quarterly earnings results 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. Travelzoo had a net margin of 5.23% and a return on equity of 22.26%. The business had revenue of $26.40 million during the quarter, compared to analyst estimates of $27.53 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was down 11.4% on a year-over-year basis. On average, analysts anticipate that Travelzoo Inc. will post $0.19 EPS for the current year.
Travelzoo Company Profile
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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