Aigen Investment Management LP bought a new stake in Gogo Inc. (NASDAQ:GOGO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 38,373 shares of the technology company's stock, valued at approximately $310,000.
Other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Gogo by 13.5% during the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company's stock valued at $40,589,000 after acquiring an additional 673,315 shares in the last quarter. State Street Corp raised its position in shares of Gogo by 2.1% in the 3rd quarter. State Street Corp now owns 2,461,691 shares of the technology company's stock worth $17,675,000 after acquiring an additional 51,681 shares in the last quarter. LB Partners LLC raised its position in shares of Gogo by 8.6% in the 4th quarter. LB Partners LLC now owns 2,221,092 shares of the technology company's stock worth $17,969,000 after acquiring an additional 176,092 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gogo by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company's stock worth $4,005,000 after acquiring an additional 3,181 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Gogo in the 3rd quarter worth about $3,031,000. Institutional investors and hedge funds own 69.60% of the company's stock.
Gogo Trading Up 0.6 %
Shares of GOGO stock traded up $0.04 during mid-day trading on Friday, hitting $6.88. The company's stock had a trading volume of 1,071,773 shares, compared to its average volume of 1,035,941. The company's fifty day simple moving average is $7.89 and its 200-day simple moving average is $7.60. Gogo Inc. has a 52 week low of $6.17 and a 52 week high of $11.00. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The company has a market cap of $865.36 million, a PE ratio of 16.00 and a beta of 1.01.
Gogo Company Profile
(
Free Report)
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.
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