Schonfeld Strategic Advisors LLC Buys New Stake in Travelzoo (NASDAQ:TZOO)

Schonfeld Strategic Advisors LLC purchased a new stake in Travelzoo (NASDAQ:TZOO) in the 4th quarter, HoldingsChannel reports. The fund purchased 22,973 shares of the information services provider’s stock, valued at approximately $458,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Travelzoo in the third quarter valued at about $298,000. Geode Capital Management LLC grew its position in Travelzoo by 10.6% in the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after acquiring an additional 7,857 shares in the last quarter. Barclays PLC acquired a new stake in Travelzoo in the third quarter valued at approximately $138,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Travelzoo by 14.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 145,837 shares of the information services provider’s stock valued at $2,909,000 after purchasing an additional 18,651 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Travelzoo by 57.7% during the fourth quarter. Ritholtz Wealth Management now owns 54,341 shares of the information services provider’s stock worth $1,084,000 after purchasing an additional 19,888 shares in the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Holger Bartel sold 4,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Azzurro Capital Inc sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $15.26, for a total transaction of $610,400.00. Following the completion of the transaction, the insider now directly owns 4,382,696 shares in the company, valued at $66,879,940.96. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,000 shares of company stock valued at $1,507,630. Company insiders own 57.45% of the company’s stock.

Travelzoo Stock Up 2.6 %

Shares of Travelzoo stock opened at $14.64 on Friday. The business has a 50-day moving average price of $13.44 and a 200 day moving average price of $17.30. Travelzoo has a fifty-two week low of $7.12 and a fifty-two week high of $24.85. The firm has a market cap of $164.63 million, a P/E ratio of 13.68 and a beta of 1.21.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings results on Wednesday, April 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $23.14 million for the quarter, compared to analyst estimates of $22.99 million. Travelzoo had a net margin of 16.67% and a return on equity of 210.54%. As a group, equities research analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TZOO. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Travelzoo in a research note on Tuesday, April 29th. Noble Financial restated an “outperform” rating on shares of Travelzoo in a research note on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.00.

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.