GSA Capital Partners LLP Trims Stake in Travelzoo Inc. (TZOO)
GSA Capital Partners LLP lessened its holdings in shares of Travelzoo Inc. (NASDAQ:TZOO) by 54.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,903 shares of the information services provider’s stock after selling 48,485 shares during the quarter. GSA Capital Partners LLP owned about 0.31% of Travelzoo worth $437,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Travelzoo by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 13,887 shares of the information services provider’s stock worth $134,000 after purchasing an additional 603 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Travelzoo during the second quarter worth about $365,000. Finally, AXA lifted its position in shares of Travelzoo by 43.2% during the first quarter. AXA now owns 66,000 shares of the information services provider’s stock worth $637,000 after purchasing an additional 19,900 shares in the last quarter. 25.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ralph Bartel sold 14,806 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $11.00, for a total transaction of $162,866.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 58.51% of the stock is currently owned by insiders.
Separately, ValuEngine raised shares of Travelzoo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
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Shares of Travelzoo Inc. (TZOO) opened at 8.00 on Friday. Travelzoo Inc. has a 12 month low of $7.55 and a 12 month high of $12.45. The firm has a market cap of $101.69 million, a PE ratio of 18.52 and a beta of 1.49. The stock’s 50 day moving average is $8.36 and its 200 day moving average is $9.57.
Travelzoo (NASDAQ:TZOO) last issued its earnings results on Thursday, July 27th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Travelzoo had a return on equity of 22.26% and a net margin of 5.23%. The business had revenue of $26.40 million during the quarter, compared to analysts’ expectations of $27.53 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, analysts anticipate that Travelzoo Inc. will post $0.19 earnings per share for the current fiscal year.
Travelzoo, formerly Travelzoo Inc, is a media commerce company. The Company informs over 28 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America.
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