Los Angeles Capital Management LLC Makes New Investment in Travelzoo $TZOO

Los Angeles Capital Management LLC bought a new stake in Travelzoo (NASDAQ:TZOO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 55,121 shares of the information services provider’s stock, valued at approximately $702,000. Los Angeles Capital Management LLC owned about 0.50% of Travelzoo at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TZOO. Koss Olinger Consulting LLC bought a new position in Travelzoo during the 1st quarter worth $448,000. Trexquant Investment LP grew its stake in shares of Travelzoo by 154.4% in the first quarter. Trexquant Investment LP now owns 61,384 shares of the information services provider’s stock valued at $837,000 after acquiring an additional 37,257 shares in the last quarter. Truvestments Capital LLC increased its position in Travelzoo by 3,732.3% during the first quarter. Truvestments Capital LLC now owns 37,288 shares of the information services provider’s stock worth $508,000 after acquiring an additional 36,315 shares during the period. Goldman Sachs Group Inc. raised its stake in Travelzoo by 60.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 45,528 shares of the information services provider’s stock worth $621,000 after purchasing an additional 17,146 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Travelzoo in the 1st quarter valued at about $1,796,000. 27.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TZOO shares. Zacks Research upgraded shares of Travelzoo from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Ascendiant Capital Markets raised their price objective on Travelzoo from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Barrington Research cut their target price on Travelzoo from $17.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Travelzoo in a report on Tuesday, October 14th. Finally, Wall Street Zen downgraded Travelzoo from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Travelzoo currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Insider Activity at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 32,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $9.55, for a total value of $310,375.00. Following the sale, the insider directly owned 3,935,196 shares in the company, valued at approximately $37,581,121.80. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 170,000 shares of company stock valued at $1,650,325 over the last three months. 43.20% of the stock is currently owned by corporate insiders.

Travelzoo Stock Performance

Shares of TZOO opened at $7.42 on Friday. Travelzoo has a 52-week low of $7.31 and a 52-week high of $24.85. The business’s fifty day moving average is $9.40 and its 200-day moving average is $11.24. The firm has a market cap of $81.48 million, a price-to-earnings ratio of 11.59 and a beta of 0.98.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Tuesday, October 28th. The information services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $22.92 million. Travelzoo had a return on equity of 2,072.58% and a net margin of 8.66%. As a group, research analysts forecast that Travelzoo will post 1.09 EPS for the current fiscal year.

About Travelzoo

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.