Short Interest in Travelzoo (NASDAQ:TZOO) Declines By 7.6%

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Travelzoo (NASDAQ:TZOO) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 365,900 shares, a decrease of 7.6% from the October 31st total of 395,800 shares. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is presently 7.4 days. Currently, 7.0% of the shares of the stock are short sold.

Shares of TZOO opened at $10.33 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.99. Travelzoo has a 12-month low of $7.56 and a 12-month high of $22.85. The firm has a 50-day moving average price of $10.18 and a 200 day moving average price of $13.07. The firm has a market capitalization of $119.83 million, a P/E ratio of 19.36 and a beta of 1.07.

Travelzoo (NASDAQ:TZOO) last announced its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. Travelzoo had a net margin of 5.66% and a return on equity of 44.87%. The firm had revenue of $25.51 million during the quarter, compared to analyst estimates of $25.80 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Travelzoo’s quarterly revenue was up .8% on a year-over-year basis.

In other news, major shareholder Azzurro Capital Inc sold 18,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.58, for a total value of $208,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 146,550 shares of company stock valued at $1,702,628 over the last quarter. Company insiders own 55.58% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in shares of Travelzoo by 1.3% in the second quarter. Northern Trust Corp now owns 99,802 shares of the information services provider’s stock valued at $1,541,000 after purchasing an additional 1,314 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Travelzoo by 7.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,708 shares of the information services provider’s stock worth $428,000 after buying an additional 2,000 shares during the period. Russell Investments Group Ltd. boosted its stake in Travelzoo by 31.4% during the third quarter. Russell Investments Group Ltd. now owns 20,138 shares of the information services provider’s stock worth $212,000 after buying an additional 4,811 shares during the period. Dupont Capital Management Corp boosted its stake in Travelzoo by 29.6% during the third quarter. Dupont Capital Management Corp now owns 26,908 shares of the information services provider’s stock worth $288,000 after buying an additional 6,150 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Travelzoo by 42.2% during the second quarter. AQR Capital Management LLC now owns 20,721 shares of the information services provider’s stock worth $320,000 after buying an additional 6,152 shares during the period. 39.87% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of Travelzoo from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Travelzoo Company 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.

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