GSA Capital Partners LLP Cuts Stock Position in Travelzoo (NASDAQ:TZOO)

GSA Capital Partners LLP reduced its holdings in shares of Travelzoo (NASDAQ:TZOO) by 70.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,083 shares of the information services provider’s stock after selling 33,792 shares during the quarter. GSA Capital Partners LLP’s holdings in Travelzoo were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TZOO. Hennion & Walsh Asset Management Inc. grew its position in Travelzoo by 169.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 79,990 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after purchasing an additional 23,599 shares during the period. American Century Companies Inc. bought a new position in shares of Travelzoo in the second quarter worth approximately $82,000. ClariVest Asset Management LLC grew its holdings in shares of Travelzoo by 2.9% in the second 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 during the last quarter. Finally, Fermata Advisors LLC bought a new stake in Travelzoo during the 2nd quarter valued at $101,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Travelzoo Price Performance

Shares of NASDAQ TZOO opened at $19.82 on Monday. Travelzoo has a 1 year low of $7.12 and a 1 year high of $19.82. The stock has a market capitalization of $233.88 million, a P/E ratio of 18.52 and a beta of 1.69. The company’s 50-day moving average is $15.01 and its 200 day moving average is $11.37.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 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 for the quarter, compared to analysts’ expectations of $21.15 million. During the same period last year, the firm posted $0.16 earnings per share. Research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Travelzoo announced that its Board of Directors has approved a share buyback plan 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. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00. Following the completion of the sale, the insider now owns 4,960,196 shares in the company, valued at approximately $73,014,085.12. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 100,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $11.44, for a total value of $1,144,000.00. The disclosure for this sale can be found here. Insiders sold 497,288 shares of company stock worth $7,123,608 over the last three months. 57.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.