Engineers Gate Manager LP acquired a new stake in shares of Travelzoo (NASDAQ:TZOO) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,153 shares of the information services provider’s stock, valued at approximately $174,000.

Other hedge funds have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Travelzoo by 63.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,824 shares of the information services provider’s stock valued at $390,000 after purchasing an additional 8,875 shares during the period. Acadian Asset Management LLC raised its position in shares of Travelzoo by 2,027.9% during the 2nd quarter. Acadian Asset Management LLC now owns 135,295 shares of the information services provider’s stock valued at $2,312,000 after purchasing an additional 128,937 shares during the period. Finally, Algert Global LLC raised its position in shares of Travelzoo by 362.0% during the 2nd quarter. Algert Global LLC now owns 122,147 shares of the information services provider’s stock valued at $2,089,000 after purchasing an additional 95,709 shares during the period. Hedge funds and other institutional investors own 32.35% of the company’s stock.

Separately, ValuEngine upgraded shares of Travelzoo from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st.

In related news, major shareholder Azzurro Capital Inc sold 24,034 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $18.16, for a total transaction of $436,457.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 538,782 shares of company stock valued at $8,066,258 over the last ninety days. 61.90% of the stock is currently owned by corporate insiders.

Shares of TZOO stock opened at $12.35 on Wednesday. The firm has a market cap of $158.47 million, a PE ratio of 64.50 and a beta of 0.62. Travelzoo has a one year low of $5.75 and a one year high of $21.15.

Travelzoo (NASDAQ:TZOO) last posted its earnings results on Wednesday, July 25th. The information services provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.05). The company had revenue of $28.10 million for the quarter, compared to analysts’ expectations of $27.98 million. Travelzoo had a net margin of 2.78% and a return on equity of 17.31%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

About Travelzoo

Travelzoo Inc, together with its subsidiaries, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. The company's publications and products include Travelzoo Websites; Travelzoo iPhone and Android applications; 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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