Travelzoo (TZOO) Stake Boosted by Millennium Management LLC
Millennium Management LLC lifted its stake in Travelzoo (NASDAQ:TZOO) by 156.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,151 shares of the information services provider’s stock after purchasing an additional 20,831 shares during the quarter. Millennium Management LLC owned 0.28% of Travelzoo worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in shares of Travelzoo in the 2nd quarter worth about $174,000. Bank of New York Mellon Corp purchased a new position in shares of Travelzoo in the 2nd quarter worth about $250,000. Mackay Shields LLC purchased a new position in shares of Travelzoo in the 2nd quarter worth about $354,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Travelzoo by 63.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,824 shares of the information services provider’s stock worth $390,000 after purchasing an additional 8,875 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Travelzoo in the 2nd quarter worth about $417,000. 32.33% of the stock is owned by hedge funds and other institutional investors.
In other Travelzoo news, major shareholder Azzurro Capital Inc sold 205,000 shares of the business’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $7.44, for a total value of $1,525,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Alexander Smart bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $9.14 per share, with a total value of $36,560.00. Following the transaction, the insider now owns 2,000 shares in the company, valued at approximately $18,280. The disclosure for this purchase can be found here. In the last three months, insiders sold 469,141 shares of company stock valued at $3,685,554. 61.90% of the stock is owned by insiders.
Travelzoo (NASDAQ:TZOO) last issued its earnings results on Wednesday, October 24th. The information services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). Travelzoo had a return on equity of 20.97% and a net margin of 3.39%. The business had revenue of $25.30 million during the quarter, compared to analysts’ expectations of $26.80 million. During the same period last year, the firm posted ($0.05) EPS. Travelzoo’s quarterly revenue was up 2.5% compared to the same quarter last year.
Separately, ValuEngine lowered Travelzoo from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.
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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