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

GSA Capital Partners LLP lowered its holdings in Travelzoo (NASDAQ:TZOO - Free Report) by 70.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider's stock valued at $1,533,000 after buying an additional 79,990 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Travelzoo by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock valued at $742,000 after buying an additional 2,732 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Travelzoo by 217.4% during the 3rd quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock valued at $415,000 after buying an additional 23,599 shares in the last quarter. Fermata Advisors LLC purchased a new position in shares of Travelzoo during the 2nd quarter valued at about $101,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Travelzoo during the 1st quarter valued at about $132,000. Hedge funds and other institutional investors own 27.39% of the company's stock.

Travelzoo Price Performance

TZOO traded down $0.34 on Monday, hitting $19.48. The company had a trading volume of 78,762 shares, compared to its average volume of 111,190. Travelzoo has a 52-week low of $7.12 and a 52-week high of $20.01. The stock has a fifty day simple moving average of $15.01 and a 200-day simple moving average of $11.37. The firm has a market capitalization of $229.86 million, a P/E ratio of 18.52 and a beta of 1.69.

Travelzoo (NASDAQ:TZOO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $20.10 million for the quarter, compared to analysts' expectations of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities research analysts expect that Travelzoo will post 1.09 earnings per share for the current fiscal year.

Travelzoo declared that its board has authorized a share buyback program on Wednesday, October 23rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, major shareholder Azzurro Capital Inc sold 52,500 shares of the firm's stock in a transaction 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 in the company, valued at $82,171,409.84. This trade represents a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Holger Bartel sold 100,000 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $11.44, for a total value of $1,144,000.00. Following the sale, the chief executive officer now owns 100,000 shares of the company's stock, valued at approximately $1,144,000. This trade represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,288 shares of company stock valued at $7,123,608. 47.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TZOO shares. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Ascendiant Capital Markets lifted their price target on Travelzoo from $18.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com cut Travelzoo from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Litchfield Hills Research started 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.

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.