Barclays PLC boosted its stake in Gogo Inc. (NASDAQ:GOGO - Free Report) by 357.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,959 shares of the technology company's stock after buying an additional 85,925 shares during the quarter. Barclays PLC owned approximately 0.09% of Gogo worth $789,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Select Equity Group L.P. purchased a new position in shares of Gogo during the second quarter valued at approximately $2,764,000. LB Partners LLC raised its holdings in Gogo by 12.4% in the 3rd quarter. LB Partners LLC now owns 2,045,000 shares of the technology company's stock valued at $14,683,000 after acquiring an additional 225,000 shares during the last quarter. State Street Corp lifted its stake in shares of Gogo by 2.1% during the 3rd quarter. State Street Corp now owns 2,461,691 shares of the technology company's stock worth $17,675,000 after purchasing an additional 51,681 shares during the period. FMR LLC boosted its holdings in shares of Gogo by 13.5% during the third quarter. FMR LLC now owns 5,653,036 shares of the technology company's stock worth $40,589,000 after purchasing an additional 673,315 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Gogo by 19.0% in the second quarter. Millennium Management LLC now owns 814,833 shares of the technology company's stock valued at $7,839,000 after purchasing an additional 130,344 shares during the period. Hedge funds and other institutional investors own 69.60% of the company's stock.
Gogo Trading Up 1.6 %
NASDAQ:GOGO traded up $0.12 during mid-day trading on Thursday, reaching $7.72. The company's stock had a trading volume of 573,181 shares, compared to its average volume of 999,418. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The stock has a market cap of $971.02 million, a P/E ratio of 17.95 and a beta of 1.15. The company's fifty day simple moving average is $7.81 and its two-hundred day simple moving average is $7.81. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.17.
About Gogo
(
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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