Gogo Inc. (NASDAQ:GOGO) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in Gogo Inc. (NASDAQ:GOGO - Free Report) by 357.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,959 shares of the technology company's stock after acquiring 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 Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOGO. FMR LLC boosted its holdings in shares of Gogo by 13.5% in the third quarter. FMR LLC now owns 5,653,036 shares of the technology company's stock valued at $40,589,000 after purchasing an additional 673,315 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Gogo by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,108,226 shares of the technology company's stock worth $29,901,000 after buying an additional 43,805 shares during the period. Capco Asset Management LLC grew its position in shares of Gogo by 1.7% during the 2nd quarter. Capco Asset Management LLC now owns 2,479,974 shares of the technology company's stock worth $23,857,000 after buying an additional 41,866 shares in the last quarter. State Street Corp increased its stake in shares of Gogo by 2.1% during the third quarter. State Street Corp now owns 2,461,691 shares of the technology company's stock valued at $17,675,000 after buying an additional 51,681 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Gogo by 7.9% in the second quarter. William Blair Investment Management LLC now owns 2,073,693 shares of the technology company's stock valued at $19,949,000 after acquiring an additional 152,338 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company's stock.

Gogo Stock Up 6.6 %

Shares of NASDAQ:GOGO traded up $0.50 during trading on Wednesday, reaching $8.09. The stock had a trading volume of 1,315,955 shares, compared to its average volume of 1,024,225. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. The company has a market capitalization of $1.02 billion, a P/E ratio of 18.81 and a beta of 1.18. The firm's 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.93. Gogo Inc. has a one year low of $6.17 and a one year high of $11.17.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Roth Mkm reiterated a "buy" rating and set a $15.50 target price on shares of Gogo in a report on Tuesday, September 17th. Morgan Stanley cut their price target on Gogo from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 3rd.

Gogo 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.