Travelzoo (NASDAQ:TZOO) Major Shareholder Azzurro Capital Inc Sells 52,500 Shares

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 52,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $18.29, for a total transaction of $960,225.00. Following the transaction, the insider now owns 4,492,696 shares in the company, valued at approximately $82,171,409.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Thursday, November 7th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $17.28, for a total value of $1,036,800.00.
• On Wednesday, October 30th, Azzurro Capital Inc sold 27,500 shares of Travelzoo stock. The stock was sold at an average price of $17.38, for a total value of $477,950.00.
• On Monday, October 28th, Azzurro Capital Inc sold 42,500 shares of Travelzoo stock. The shares were sold at an average price of $17.39, for a total value of $739,075.00.
• On Friday, October 25th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The shares were sold at an average price of $15.39, for a total value of $461,700.00.
• On Wednesday, October 23rd, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $15.02, for a total value of $150,200.00.
• On Thursday, September 26th, Azzurro Capital Inc sold 10,000 shares of Travelzoo stock. The stock was sold at an average price of $12.54, for a total value of $125,400.00.
• On Tuesday, September 24th, Azzurro Capital Inc sold 37,500 shares of Travelzoo stock. The shares were sold at an average price of $12.99, for a total value of $487,125.00.
• On Wednesday, September 18th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $14.72, for a total value of $220,800.00.

Travelzoo Stock Performance

Shares of Travelzoo stock traded down $0.22 on Tuesday, reaching $19.15. 106,445 shares of the company’s stock were exchanged, compared to its average volume of 111,081. Travelzoo has a 52 week low of $7.12 and a 52 week high of $19.47. The firm’s 50-day moving average is $13.94 and its two-hundred day moving average is $10.73. The company has a market capitalization of $235.35 million, a P/E ratio of 17.90 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 174.97% and a net margin of 16.67%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same quarter in the prior year, the company earned $0.16 EPS. On average, analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo declared that its Board of Directors has approved a share buyback program on Wednesday, October 23rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Travelzoo

A number of large investors have recently bought and sold shares of TZOO. Hennion & Walsh Asset Management Inc. increased its stake in Travelzoo by 169.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock worth $1,533,000 after purchasing an additional 79,990 shares during the period. Acadian Asset Management LLC increased its stake in Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after purchasing an additional 47,352 shares during the period. Ritholtz Wealth Management increased its stake in Travelzoo by 217.4% in the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock worth $415,000 after purchasing an additional 23,599 shares during the period. Fermata Advisors LLC purchased a new position in Travelzoo in the 2nd quarter worth approximately $101,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Travelzoo in the 1st quarter worth approximately $132,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TZOO has been the subject of several recent research reports. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Ascendiant Capital Markets upped their target price on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday. Barrington Research upped their target price on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Litchfield Hills Research assumed coverage on Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price on the 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.