Hennion & Walsh Asset Management Inc. Boosts Stake in Travelzoo (NASDAQ:TZOO)

Hennion & Walsh Asset Management Inc. grew its position in Travelzoo (NASDAQ:TZOO) by 14.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 145,837 shares of the information services provider’s stock after acquiring an additional 18,651 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Travelzoo were worth $2,909,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Travelzoo in the third quarter worth $35,000. American Century Companies Inc. purchased a new position in shares of Travelzoo in the 2nd quarter worth $82,000. Quadrature Capital Ltd bought a new stake in shares of Travelzoo in the 3rd quarter worth about $134,000. Barclays PLC purchased a new stake in shares of Travelzoo during the 3rd quarter valued at about $138,000. Finally, Virtu Financial LLC bought a new position in shares of Travelzoo in the 3rd quarter valued at about $173,000. 27.39% of the stock is owned by hedge funds and other institutional investors.

Travelzoo Price Performance

Shares of NASDAQ:TZOO opened at $20.86 on Friday. The business has a 50 day simple moving average of $19.75 and a two-hundred day simple moving average of $14.60. Travelzoo has a 1 year low of $7.12 and a 1 year high of $22.44. The firm has a market capitalization of $246.15 million, a PE ratio of 19.50 and a beta of 1.71.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $21.15 million. During the same quarter in the prior year, the company posted $0.16 EPS. Equities research analysts expect that Travelzoo will post 1.09 EPS for the current fiscal year.

Travelzoo declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 23rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barrington Research boosted their price objective on Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Ascendiant Capital Markets increased their price target on Travelzoo from $18.00 to $23.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st.

Insider Buying and Selling

In other news, CEO Holger Bartel sold 23,057 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the transaction, the chief executive officer now owns 4,000 shares of the company’s stock, valued at approximately $78,920. This represents a 85.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Azzurro Capital Inc sold 20,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $19.60, for a total value of $392,000.00. Following the transaction, the insider now owns 4,442,696 shares in the company, valued at approximately $87,076,841.60. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 265,557 shares of company stock valued at $4,672,865 in the last 90 days. Company insiders own 47.00% of the company’s stock.

Travelzoo Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.