Panagora Asset Management Inc. Purchases 32,282 Shares of Travelzoo (NASDAQ:TZOO)

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Panagora Asset Management Inc. raised its stake in shares of Travelzoo (NASDAQ:TZOO) by 1,247.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 34,870 shares of the information services provider’s stock after purchasing an additional 32,282 shares during the quarter. Panagora Asset Management Inc.’s holdings in Travelzoo were worth $538,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Travelzoo by 56.1% during the 4th quarter. Bank of New York Mellon Corp now owns 22,790 shares of the information services provider’s stock worth $224,000 after purchasing an additional 8,186 shares during the last quarter. Northern Trust Corp boosted its position in Travelzoo by 1.7% during the 4th quarter. Northern Trust Corp now owns 96,921 shares of the information services provider’s stock worth $953,000 after acquiring an additional 1,623 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Travelzoo by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 386,482 shares of the information services provider’s stock worth $3,798,000 after acquiring an additional 3,010 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Travelzoo by 78.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 28,795 shares of the information services provider’s stock worth $386,000 after acquiring an additional 12,695 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Travelzoo by 95.5% during the 1st quarter. California Public Employees Retirement System now owns 198,400 shares of the information services provider’s stock worth $2,659,000 after acquiring an additional 96,900 shares during the last quarter. Institutional investors own 36.95% of the company’s stock.

In other news, major shareholder Azzurro Capital Inc sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $15.04, for a total transaction of $37,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 193,551 shares of company stock worth $2,863,380. Company insiders own 55.58% of the company’s stock.

Shares of Travelzoo stock traded down $0.59 on Friday, reaching $11.31. 2,234 shares of the company were exchanged, compared to its average volume of 82,253. Travelzoo has a one year low of $7.00 and a one year high of $22.85. The company has a market capitalization of $135.67 million, a price-to-earnings ratio of 22.67 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $13.03 and a 200 day moving average of $15.12.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, July 24th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Travelzoo had a return on equity of 41.62% and a net margin of 5.50%. The company had revenue of $28.18 million for the quarter, compared to analysts’ expectations of $28.30 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue was up .4% compared to the same quarter last year.

TZOO has been the subject of a number of recent research reports. ValuEngine downgraded Travelzoo from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. TheStreet downgraded Travelzoo from a “b-” rating to a “c” rating in a research report on Wednesday, July 24th.

About Travelzoo

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

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Institutional Ownership by Quarter for Travelzoo (NASDAQ:TZOO)

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