Arrowstreet Capital Limited Partnership Invests $2.10 Million in Travelzoo (NASDAQ:TZOO)

Arrowstreet Capital Limited Partnership purchased a new position in shares of Travelzoo (NASDAQ:TZOO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,382 shares of the information services provider's stock, valued at approximately $2,102,000. Arrowstreet Capital Limited Partnership owned about 0.89% of Travelzoo at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TZOO. Jane Street Group LLC purchased a new stake in Travelzoo in the 3rd quarter worth approximately $298,000. Geode Capital Management LLC lifted its stake in shares of Travelzoo by 10.6% in the 3rd quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider's stock valued at $991,000 after purchasing an additional 7,857 shares during the period. Truffle Hound Capital LLC purchased a new stake in Travelzoo during the fourth quarter worth $3,990,000. Raymond James Financial Inc. acquired a new stake in Travelzoo during the fourth quarter valued at $1,505,000. Finally, Barclays PLC acquired a new stake in Travelzoo during the third quarter valued at $138,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelzoo

In other Travelzoo news, CEO Holger Bartel sold 4,000 shares of Travelzoo stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total transaction of $61,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $13.35, for a total transaction of $333,750.00. Following the completion of the transaction, the insider now owns 4,297,696 shares in the company, valued at $57,374,241.60. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock worth $1,471,555 in the last ninety days. Insiders own 57.45% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Barrington Research lowered their target price on shares of Travelzoo from $25.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th.

Travelzoo Price Performance

NASDAQ TZOO traded up $0.08 during mid-day trading on Tuesday, hitting $11.96. The stock had a trading volume of 52,102 shares, compared to its average volume of 123,062. The firm's 50 day moving average is $15.59 and its 200 day moving average is $17.20. The stock has a market capitalization of $134.49 million, a price-to-earnings ratio of 11.18 and a beta of 1.41. Travelzoo has a twelve month low of $7.12 and a twelve month high of $24.85.

Travelzoo (NASDAQ:TZOO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. The firm had revenue of $20.68 million for the quarter, compared to the consensus estimate of $22.06 million. During the same period last year, the firm posted $0.23 earnings per share. As a group, equities research analysts expect that Travelzoo will post 1.09 earnings per share for the current year.

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.