California Public Employees Retirement System Increases Stake in Travelzoo (NASDAQ:TZOO)

California Public Employees Retirement System grew its stake in shares of Travelzoo (NASDAQ:TZOO) by 95.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,400 shares of the information services provider’s stock after buying an additional 96,900 shares during the quarter. California Public Employees Retirement System owned 1.67% of Travelzoo worth $2,659,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in shares of Travelzoo during the fourth quarter valued at approximately $158,000. Mackay Shields LLC lifted its holdings in shares of Travelzoo by 12.0% during the fourth quarter. Mackay Shields LLC now owns 48,292 shares of the information services provider’s stock valued at $475,000 after purchasing an additional 5,192 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Travelzoo by 6.4% during the third quarter. Vanguard Group Inc. now owns 273,975 shares of the information services provider’s stock valued at $3,247,000 after purchasing an additional 16,423 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Travelzoo during the fourth quarter valued at approximately $310,000. Finally, Strs Ohio lifted its holdings in shares of Travelzoo by 52.0% during the fourth quarter. Strs Ohio now owns 47,100 shares of the information services provider’s stock valued at $462,000 after purchasing an additional 16,108 shares during the last quarter. 35.35% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered shares of Travelzoo from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

In other news, major shareholder Azzurro Capital Inc sold 56,000 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $16.85, for a total transaction of $943,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 233,811 shares of company stock worth $4,454,108 over the last 90 days. Insiders own 55.58% of the company’s stock.

TZOO stock traded down $0.48 during mid-day trading on Monday, hitting $14.96. The company had a trading volume of 94,000 shares, compared to its average volume of 102,579. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.72. Travelzoo has a 12-month low of $7.00 and a 12-month high of $22.85. The company has a market capitalization of $183.20 million, a P/E ratio of 35.09 and a beta of 1.10. The firm’s 50-day moving average price is $17.86.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.13. The company had revenue of $30.80 million for the quarter, compared to analyst estimates of $31.40 million. Travelzoo had a net margin of 4.74% and a return on equity of 34.03%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS.

Travelzoo Profile

Travelzoo provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service.

Further Reading: Risk Tolerance

Institutional Ownership by Quarter for Travelzoo (NASDAQ:TZOO)

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