Nine Chapters Capital Management Lowers stake in Travelzoo (TZOO)

Travelzoo (TZOO) : Nine Chapters Capital Management reduced its stake in Travelzoo by 26.07% during the most recent quarter end. The investment management company now holds a total of 15,600 shares of Travelzoo which is valued at $177,528 after selling 5,500 shares in Travelzoo , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Travelzoo makes up approximately 3.39% of Nine Chapters Capital Management’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in TZOO in the latest quarter, The investment management firm added 17,020 additional shares and now holds a total of 246,850 shares of Travelzoo which is valued at $2,809,153.Barrow Hanley Mewhinney Strauss reduced its stake in TZOO by selling 11,276 shares or 16.53% in the most recent quarter. The Hedge Fund company now holds 56,938 shares of TZOO which is valued at $630,304. State Board Of Administration Of Florida Retirement System sold out all of its stake in TZOO during the most recent quarter. The investment firm sold 11,086 shares of TZOO which is valued $127,711.California Public Employees Retirement System boosted its stake in TZOO in the latest quarter, The investment management firm added 10,700 additional shares and now holds a total of 145,700 shares of Travelzoo which is valued at $1,605,614.Strs Ohio reduced its stake in TZOO by selling 26,217 shares or 88.57% in the most recent quarter. The Hedge Fund company now holds 3,383 shares of TZOO which is valued at $32,240.

Travelzoo opened for trading at $11.19 and hit $11.78 on the upside on Wednesday, eventually ending the session at $11.7, with a gain of 5.12% or 0.57 points. The heightened volatility saw the trading volume jump to 69,295 shares. Company has a market cap of $162 M.

On the company’s financial health, Travelzoo reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.05. The company had revenue of $34.05 million for the quarter, compared to analysts expectations of $32.88 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Travelzoo Inc. (Travelzoo) is a global Internet media company. The Company informs its audience about travel entertainment and local deals available at over 2000 companies. The Company has two operating segments based on geographic regions: North America and Europe. North America consists of the Company’s operations in Canada and the United States. Europe consists of its operations in France Germany Spain and the United Kingdom. The Company’s publications and products include the Travelzoo Websites such as www.travelzoo.com www.travelzoo.ca www.travelzoo.co.uk www.travelzoo.de www.travelzoo.es and www.travelzoo.fr among others; the Travelzoo iPhone and Android applications; the Travelzoo Top 20 e-mail newsletter and the Newsflash e-mail alert service. It operates SuperSearch which is a pay-per-click travel search tool and the Travelzoo Network which is a network of third-party Websites that list deals published by Travelzoo.

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