GSA Capital Partners LLP Sells 33,792 Shares of Travelzoo (NASDAQ:TZOO)

GSA Capital Partners LLP lessened its holdings in shares of Travelzoo (NASDAQ:TZOO) by 70.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,083 shares of the information services provider’s stock after selling 33,792 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of Travelzoo worth $170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC acquired a new position in Travelzoo during the first quarter worth $132,000. Fermata Advisors LLC bought a new stake in Travelzoo in the second quarter valued at about $101,000. Hennion & Walsh Asset Management Inc. raised its holdings in Travelzoo by 73.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 47,196 shares of the information services provider’s stock worth $358,000 after purchasing an additional 20,019 shares during the period. Ritholtz Wealth Management bought a new position in shares of Travelzoo during the 2nd quarter valued at about $82,000. Finally, ClariVest Asset Management LLC increased its holdings in Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock worth $742,000 after purchasing an additional 2,732 shares in the last quarter. Institutional investors and hedge funds own 27.39% of the company’s stock.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 52,500 shares of Travelzoo stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $18.29, for a total value of $960,225.00. Following the transaction, the insider now directly owns 4,492,696 shares of the company’s stock, valued at $82,171,409.84. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $14.35, for a total transaction of $176,332.80. Following the sale, the general counsel now directly owns 44,623 shares of the company’s stock, valued at $640,340.05. This represents a 21.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 497,288 shares of company stock valued at $7,123,608. Insiders own 57.45% of the company’s stock.

Travelzoo Stock Up 3.7 %

Shares of TZOO opened at $19.82 on Monday. The business has a 50-day simple moving average of $15.01 and a two-hundred day simple moving average of $11.37. Travelzoo has a 12-month low of $7.12 and a 12-month high of $19.82. The stock has a market cap of $233.88 million, a PE ratio of 18.52 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% 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 firm posted $0.16 earnings per share. On average, equities research analysts expect that Travelzoo will post 1.09 EPS for the current year.

Travelzoo announced that its Board of Directors has authorized a share buyback program on Wednesday, October 23rd that allows the company to buyback 1,000,000 shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

TZOO has been the subject of a number of analyst reports. StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st. Litchfield Hills Research began coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target on the stock. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Ascendiant Capital Markets boosted their target price on Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Travelzoo 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.