XTX Topco Ltd Invests $337,000 in Gogo Inc. (NASDAQ:GOGO)

XTX Topco Ltd acquired a new stake in Gogo Inc. (NASDAQ:GOGO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 41,619 shares of the technology company's stock, valued at approximately $337,000.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Gogo by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 287,890 shares of the technology company's stock valued at $2,329,000 after acquiring an additional 5,420 shares during the period. Brighton Jones LLC boosted its stake in shares of Gogo by 69.6% in the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock valued at $138,000 after purchasing an additional 6,978 shares during the period. SG Americas Securities LLC boosted its stake in shares of Gogo by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 35,333 shares of the technology company's stock valued at $286,000 after purchasing an additional 7,156 shares during the period. Geode Capital Management LLC increased its stake in Gogo by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,499,410 shares of the technology company's stock worth $12,133,000 after buying an additional 7,777 shares during the period. Finally, Barclays PLC increased its stake in Gogo by 8.1% during the 4th quarter. Barclays PLC now owns 118,919 shares of the technology company's stock worth $961,000 after buying an additional 8,960 shares during the period. 69.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gogo

In other Gogo news, Director Oakleigh Thorne purchased 30,173 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $6.57 per share, with a total value of $198,236.61. Following the completion of the acquisition, the director now directly owns 711,341 shares of the company's stock, valued at $4,673,510.37. This trade represents a 4.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.00% of the company's stock.

Gogo Stock Up 2.8 %

Shares of NASDAQ:GOGO traded up $0.21 during trading hours on Friday, reaching $7.62. The stock had a trading volume of 861,191 shares, compared to its average volume of 1,194,811. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.00. The firm's 50 day moving average is $7.44 and its 200-day moving average is $7.65. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.72 and a beta of 0.60. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58.

Gogo (NASDAQ:GOGO - Get Free Report) last posted its earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $137.80 million for the quarter, compared to analyst estimates of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. Gogo's revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Research analysts predict that Gogo Inc. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GOGO has been the subject of several research reports. StockNews.com downgraded shares of Gogo from a "hold" rating to a "sell" rating in a research note on Monday, March 17th. Roth Mkm cut their price target on Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 17th.

Gogo Company Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.