LSV Asset Management Sells 22,683 Shares of Travelzoo (NASDAQ:TZOO)

LSV Asset Management lowered its stake in Travelzoo (NASDAQ:TZOO - Free Report) by 31.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,100 shares of the information services provider's stock after selling 22,683 shares during the quarter. LSV Asset Management owned 0.42% of Travelzoo worth $980,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in Travelzoo by 21.3% in the fourth quarter. American Century Companies Inc. now owns 14,144 shares of the information services provider's stock valued at $282,000 after acquiring an additional 2,483 shares during the period. Geode Capital Management LLC increased its position in shares of Travelzoo by 10.6% during 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 last quarter. Wells Fargo & Company MN bought a new position in shares of Travelzoo in the 4th quarter worth approximately $158,000. Barclays PLC purchased a new position in shares of Travelzoo in the third quarter worth approximately $138,000. Finally, Aristides Capital LLC bought a new stake in Travelzoo during the fourth quarter valued at approximately $237,000. Institutional investors own 27.39% of the company's stock.

Travelzoo Price Performance

Shares of TZOO stock traded down $0.19 during trading hours on Friday, reaching $12.01. 49,604 shares of the company traded hands, compared to its average volume of 124,007. The firm has a 50-day moving average price of $14.71 and a 200 day moving average price of $17.21. The company has a market cap of $135.05 million, a P/E ratio of 11.22 and a beta of 1.41. Travelzoo has a 12-month low of $7.12 and a 12-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 analysts' consensus estimates of $0.26. The business had revenue of $20.68 million during the quarter, compared to analyst estimates of $22.06 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. During the same period in the prior year, the business posted $0.23 earnings per share. Sell-side analysts predict that Travelzoo will post 1.09 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research dropped their price target 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.

Insider Buying and Selling

In related news, major shareholder Azzurro Capital Inc sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $13.35, for a total value of $333,750.00. Following the transaction, the insider now directly owns 4,297,696 shares of the company's stock, valued at approximately $57,374,241.60. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $15.42, for a total transaction of $61,680.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,500 shares of company stock valued at $1,471,555. Company insiders own 57.45% of the company's stock.

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.