Hennion & Walsh Asset Management Inc. Raises Stake in Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. lifted its position in Travelzoo (NASDAQ:TZOO) by 169.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,186 shares of the information services provider’s stock after purchasing an additional 79,990 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.97% of Travelzoo worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in Travelzoo by 9.7% in the 1st quarter. Acadian Asset Management LLC now owns 535,786 shares of the information services provider’s stock worth $5,451,000 after buying an additional 47,352 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Travelzoo by 217.4% in 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 during the period. Fermata Advisors LLC purchased a new stake in shares of Travelzoo during the second quarter worth about $101,000. O Shaughnessy Asset Management LLC bought a new stake in Travelzoo during the 1st quarter valued at approximately $132,000. Finally, American Century Companies Inc. purchased a new position in Travelzoo in the 2nd quarter worth approximately $82,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $15.39, for a total transaction of $461,700.00. Following the sale, the insider now directly owns 4,717,696 shares in the company, valued at $72,605,341.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Holger Bartel sold 13,466 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $10.19, for a total value of $137,218.54. Following the completion of the sale, the chief executive officer now owns 302,534 shares in the company, valued at approximately $3,082,821.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Azzurro Capital Inc sold 30,000 shares of Travelzoo stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $15.39, for a total transaction of $461,700.00. Following the transaction, the insider now directly owns 4,717,696 shares of the company’s stock, valued at approximately $72,605,341.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 419,254 shares of company stock worth $5,071,496. Corporate insiders own 57.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Travelzoo Stock Performance

NASDAQ TZOO opened at $15.41 on Friday. The stock has a 50 day moving average price of $12.75 and a 200-day moving average price of $10.07. Travelzoo has a one year low of $6.57 and a one year high of $15.71. The company has a market capitalization of $201.84 million, a P/E ratio of 16.93 and a beta of 1.74.

Travelzoo (NASDAQ:TZOO) last released its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same quarter last year, the business earned $0.16 earnings per share. As a group, equities analysts predict that Travelzoo will post 0.97 EPS for the current fiscal year.

Travelzoo announced that its Board of Directors has initiated a stock 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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.