Azzurro Capital Inc Sells 65,000 Shares of Travelzoo (NASDAQ:TZOO) Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 65,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $8.73, for a total value of $567,450.00. Following the completion of the sale, the insider now directly owns 5,888,802 shares of the company’s stock, valued at $51,409,241.46. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% 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 Monday, November 20th, Azzurro Capital Inc sold 50,000 shares of Travelzoo stock. The stock was sold at an average price of $9.13, for a total transaction of $456,500.00.
• On Wednesday, November 15th, Azzurro Capital Inc sold 35,000 shares of Travelzoo stock. The shares were sold at an average price of $8.34, for a total transaction of $291,900.00.
• On Monday, November 13th, Azzurro Capital Inc sold 50,000 shares of Travelzoo stock. The shares were sold at an average price of $8.00, for a total transaction of $400,000.00.
• On Friday, November 10th, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $7.97, for a total transaction of $478,200.00.
• On Wednesday, November 8th, Azzurro Capital Inc sold 45,000 shares of Travelzoo stock. The shares were sold at an average price of $7.96, for a total value of $358,200.00.
• On Monday, November 6th, Azzurro Capital Inc sold 25,000 shares of Travelzoo stock. The shares were sold at an average price of $8.01, for a total value of $200,250.00.
• On Friday, November 3rd, Azzurro Capital Inc sold 35,000 shares of Travelzoo stock. The stock was sold at an average price of $7.76, for a total value of $271,600.00.
• On Wednesday, November 1st, Azzurro Capital Inc sold 60,000 shares of Travelzoo stock. The stock was sold at an average price of $7.05, for a total transaction of $423,000.00.
• On Monday, October 30th, Azzurro Capital Inc sold 110,000 shares of Travelzoo stock. The shares were sold at an average price of $7.12, for a total transaction of $783,200.00.
• On Thursday, October 26th, Azzurro Capital Inc sold 30,000 shares of Travelzoo stock. The stock was sold at an average price of $6.87, for a total transaction of $206,100.00.

Travelzoo Stock Performance

Shares of NASDAQ:TZOO traded up $0.43 during midday trading on Monday, hitting $9.43. The company’s stock had a trading volume of 273,383 shares, compared to its average volume of 114,949. The stock has a market capitalization of $131.76 million, a price-to-earnings ratio of 11.84 and a beta of 1.50. The stock’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $7.56. Travelzoo has a fifty-two week low of $4.10 and a fifty-two week high of $10.86.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Tuesday, October 24th. The information services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. The company had revenue of $20.60 million during the quarter, compared to analysts’ expectations of $18.58 million. Travelzoo had a return on equity of 147.61% and a net margin of 13.55%. As a group, analysts anticipate that Travelzoo will post 0.8 EPS for the current year.

Analyst Ratings Changes

TZOO has been the subject of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Travelzoo in a research note on Friday, July 28th. StockNews.com cut Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 5th. Finally, TheStreet lowered shares of Travelzoo from a “b-” rating to a “c+” rating in a research report on Thursday, September 21st.

Institutional Trading of Travelzoo

A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of Travelzoo during the third quarter valued at about $204,000. Trexquant Investment LP raised its holdings in Travelzoo by 184.1% in the 3rd quarter. Trexquant Investment LP now owns 61,808 shares of the information services provider’s stock valued at $360,000 after acquiring an additional 40,051 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Travelzoo in the 3rd quarter worth approximately $82,000. Acadian Asset Management LLC lifted its position in shares of Travelzoo by 16.0% in the 3rd quarter. Acadian Asset Management LLC now owns 411,733 shares of the information services provider’s stock worth $2,398,000 after acquiring an additional 56,741 shares during the period. Finally, Denali Advisors LLC grew its holdings in shares of Travelzoo by 71.9% during the 3rd quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock worth $217,000 after purchasing an additional 15,600 shares in the last quarter. 21.78% of the stock is owned by institutional investors.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that engages in the provision of travel, entertainment, and local deals from travel and entertainment companies, and local businesses worldwide. Its publications and products include Travelzoo Website, Travelzoo Top 20 email newsletter, standalone Travelzoo emails, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.