Hennion & Walsh Asset Management Inc. Has $1.53 Million Stock Position in Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Travelzoo (NASDAQ:TZOO - Free Report) by 169.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,186 shares of the information services provider's stock after purchasing an additional 79,990 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.97% of Travelzoo worth $1,533,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of Travelzoo by 9.7% during the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider's stock worth $5,451,000 after purchasing an additional 47,352 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Travelzoo during the first quarter worth $132,000. Ritholtz Wealth Management raised its position in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider's stock worth $415,000 after acquiring an additional 23,599 shares in the last quarter. American Century Companies Inc. acquired a new stake in Travelzoo in the second quarter valued at $82,000. Finally, ClariVest Asset Management LLC grew its position in shares of Travelzoo by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider's stock valued at $742,000 after acquiring an additional 2,732 shares during the period. Institutional investors own 27.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TZOO shares. Ascendiant Capital Markets upped their target price on shares of Travelzoo from $17.00 to $18.00 and gave the company a "buy" rating in a report on Monday, August 19th. StockNews.com cut Travelzoo from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They set a "buy" rating and a $35.00 target price for the company. Finally, Barrington Research increased their price target on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd.

Travelzoo Price Performance

Travelzoo stock traded up $0.38 during trading hours on Friday, hitting $15.41. The company had a trading volume of 192,549 shares, compared to its average volume of 106,318. The firm has a 50-day moving average of $12.75 and a 200 day moving average of $10.08. The firm has a market cap of $201.84 million, a PE ratio of 16.93 and a beta of 1.74. Travelzoo has a one year low of $6.57 and a one year high of $15.71.

Travelzoo (NASDAQ:TZOO - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The company had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. During the same quarter last year, the company earned $0.16 earnings per share. As a group, research analysts expect that Travelzoo will post 0.97 earnings per share for the current year.

Travelzoo announced that its board has authorized a stock buyback program on Wednesday, October 23rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Travelzoo

In related news, major shareholder Azzurro Capital Inc sold 30,000 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the transaction, the insider now directly owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Azzurro Capital Inc sold 30,000 shares of Travelzoo stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the completion of the sale, the insider now directly owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Holger Bartel sold 100,000 shares of the business's stock in a transaction that occurred 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 completion of 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 419,254 shares of company stock valued at $5,071,496. 57.45% of the stock is currently owned by corporate insiders.

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.