Travelzoo (TZOO) Major Shareholder Sells $1,309,000.00 in Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 170,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $7.70, for a total value of $1,309,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

  • On Friday, October 26th, Azzurro Capital Inc sold 50,000 shares of Travelzoo stock. The shares were sold at an average price of $7.65, for a total value of $382,500.00.
  • On Wednesday, October 24th, Azzurro Capital Inc sold 20,000 shares of Travelzoo stock. The shares were sold at an average price of $8.08, for a total value of $161,600.00.
  • On Thursday, August 30th, Azzurro Capital Inc sold 15,000 shares of Travelzoo stock. The shares were sold at an average price of $12.47, for a total value of $187,050.00.
  • On Monday, August 20th, Azzurro Capital Inc sold 9,141 shares of Travelzoo stock. The shares were sold at an average price of $13.15, for a total value of $120,204.15.
  • On Thursday, August 2nd, Azzurro Capital Inc sold 82,709 shares of Travelzoo stock. The shares were sold at an average price of $13.32, for a total value of $1,101,683.88.

NASDAQ:TZOO opened at $7.67 on Thursday. The company has a market capitalization of $98.27 million, a PE ratio of 28.58 and a beta of 0.58. Travelzoo has a 12-month low of $5.75 and a 12-month high of $21.15.

Travelzoo (NASDAQ:TZOO) last released its earnings results on Wednesday, October 24th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The company had revenue of $25.30 million during the quarter, compared to analyst estimates of $26.80 million. Travelzoo had a net margin of 3.39% and a return on equity of 20.71%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS.

Separately, ValuEngine lowered Travelzoo from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.

Large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new position in shares of Travelzoo in the second quarter valued at approximately $174,000. Bank of New York Mellon Corp acquired a new position in shares of Travelzoo in the second quarter valued at approximately $250,000. Mackay Shields LLC acquired a new position in shares of Travelzoo in the second quarter valued at approximately $354,000. Strs Ohio increased its holdings in shares of Travelzoo by 27.0% in the third quarter. Strs Ohio now owns 30,992 shares of the information services provider’s stock valued at $367,000 after purchasing an additional 6,592 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Travelzoo by 63.6% in the second 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. 32.33% of the stock is currently owned by institutional investors and hedge funds.

Travelzoo Company Profile

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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Insider Buying and Selling by Quarter for Travelzoo (NASDAQ:TZOO)

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