Los Angeles Capital Management LLC Invests $702,000 in Travelzoo $TZOO

Los Angeles Capital Management LLC purchased a new stake in Travelzoo (NASDAQ:TZOO) in the second quarter, Holdings Channel reports. The institutional investor purchased 55,121 shares of the information services provider’s stock, valued at approximately $702,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE acquired a new position in Travelzoo in the 1st quarter worth about $31,000. AlphaQuest LLC boosted its stake in shares of Travelzoo by 3,188.4% during the second quarter. AlphaQuest LLC now owns 2,828 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 2,742 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Travelzoo by 29.5% during the second quarter. AdvisorShares Investments LLC now owns 9,068 shares of the information services provider’s stock worth $115,000 after purchasing an additional 2,068 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Travelzoo in the first quarter valued at approximately $120,000. Finally, Kapitalo Investimentos Ltda bought a new position in Travelzoo in the 2nd quarter valued at approximately $178,000. Institutional investors own 27.39% of the company’s stock.

Insider Buying and Selling at Travelzoo

In other news, major shareholder Azzurro Capital Inc sold 32,500 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.55, for a total value of $310,375.00. Following the transaction, the insider directly owned 3,935,196 shares of the company’s stock, valued at $37,581,121.80. The trade was a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 170,000 shares of company stock valued at $1,650,325. Company insiders own 43.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Travelzoo Stock Performance

NASDAQ: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 firm’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 P/E ratio of 11.59 and a beta of 0.98.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Tuesday, October 28th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.13). The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $22.92 million. Travelzoo had a net margin of 8.66% and a return on equity of 2,072.58%. As a group, sell-side analysts anticipate that Travelzoo will post 1.09 earnings per share for the current year.

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.