LSV Asset Management Grows Holdings in Travelzoo $TZOO

LSV Asset Management boosted its position in shares of Travelzoo (NASDAQ:TZOO) by 26.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,400 shares of the information services provider’s stock after acquiring an additional 9,600 shares during the period. LSV Asset Management owned 0.41% of Travelzoo worth $578,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TZOO. Millennium Management LLC raised its position in shares of Travelzoo by 299.8% during the 1st quarter. Millennium Management LLC now owns 309,097 shares of the information services provider’s stock valued at $4,213,000 after purchasing an additional 231,790 shares during the period. Geode Capital Management LLC increased its stake in Travelzoo by 113.8% in the 2nd quarter. Geode Capital Management LLC now owns 157,267 shares of the information services provider’s stock worth $2,002,000 after buying an additional 83,719 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Travelzoo in the 1st quarter worth $1,796,000. Bank of New York Mellon Corp lifted its position in shares of Travelzoo by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 67,045 shares of the information services provider’s stock valued at $914,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in shares of Travelzoo by 34.8% during the second quarter. Ritholtz Wealth Management now owns 62,352 shares of the information services provider’s stock worth $794,000 after purchasing an additional 16,092 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TZOO. Wall Street Zen cut Travelzoo from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research raised shares of Travelzoo from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Ascendiant Capital Markets cut their target price on shares of Travelzoo from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Finally, Barrington Research decreased their price target on shares of Travelzoo from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Travelzoo presently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Insider Activity

In other news, major shareholder Azzurro Capital Inc sold 5,000 shares of Travelzoo stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $7.53, for a total value of $37,650.00. Following the completion of the transaction, the insider owned 3,777,696 shares in the company, valued at approximately $28,446,050.88. The trade was a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 115,000 shares of company stock valued at $1,114,050. 43.20% of the stock is owned by company insiders.

Travelzoo Stock Up 5.0%

TZOO stock opened at $6.96 on Friday. Travelzoo has a 52 week low of $6.59 and a 52 week high of $24.85. The firm has a market capitalization of $76.09 million, a P/E ratio of 10.88 and a beta of 0.98. The company has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $10.94.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $22.92 million. Travelzoo had a net margin of 8.66% and a return on equity of 2,072.58%. As a group, analysts anticipate that Travelzoo will post 1.09 EPS for the current year.

About Travelzoo

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.