Renaissance Technologies LLC Sells 42,547 Shares of Travelzoo (NASDAQ:TZOO)

Renaissance Technologies LLC trimmed its position in Travelzoo (NASDAQ:TZOO) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 567,201 shares of the information services provider’s stock after selling 42,547 shares during the quarter. Renaissance Technologies LLC owned approximately 4.33% of Travelzoo worth $4,305,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. bought a new stake in Travelzoo in the second quarter valued at approximately $82,000. Ritholtz Wealth Management acquired a new stake in Travelzoo during the 2nd quarter valued at $82,000. Fermata Advisors LLC bought a new position in Travelzoo during the second quarter worth $101,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Travelzoo in the first quarter valued at $132,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Travelzoo in the first quarter valued at about $277,000. 27.39% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Stock Up 1.6 %

Shares of Travelzoo stock opened at $12.56 on Friday. The stock has a market capitalization of $154.36 million, a price-to-earnings ratio of 13.80 and a beta of 1.74. Travelzoo has a twelve month low of $4.77 and a twelve month high of $15.23. The company has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $9.73.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The business had revenue of $21.14 million during the quarter, compared to analysts’ expectations of $21.58 million. During the same period in the previous year, the company posted $0.17 earnings per share. On average, sell-side analysts anticipate that Travelzoo will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $12.54, for a total value of $125,400.00. Following the transaction, the insider now owns 4,875,196 shares in the company, valued at $61,134,957.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelzoo news, CEO Holger Bartel sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. Following the completion of the transaction, the chief executive officer now directly owns 100,000 shares in the company, valued at $1,144,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 10,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $12.54, for a total value of $125,400.00. Following the sale, the insider now owns 4,875,196 shares of the company’s stock, valued at $61,134,957.84. The disclosure for this sale can be found here. In the last three months, insiders sold 279,254 shares of company stock worth $3,315,596. 57.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on TZOO shares. Litchfield Hills Research started coverage on shares of Travelzoo in a report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price for the company. Ascendiant Capital Markets boosted their price objective on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Barrington Research reiterated an “outperform” rating and set a $12.00 target price on shares of Travelzoo in a research note on Friday, July 26th. Finally, StockNews.com upgraded Travelzoo from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

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.