Dynamic Technology Lab Private Ltd Has $375,000 Stake in Gogo Inc. (NASDAQ:GOGO)

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) by 81.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,345 shares of the technology company's stock after selling 206,769 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Gogo were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capco Asset Management LLC grew its position in Gogo by 22.1% in the fourth quarter. Capco Asset Management LLC now owns 3,009,743 shares of the technology company's stock worth $24,349,000 after buying an additional 544,178 shares during the last quarter. SCP Investment LP grew its holdings in shares of Gogo by 51.0% in the 4th quarter. SCP Investment LP now owns 1,450,000 shares of the technology company's stock worth $11,730,000 after acquiring an additional 490,000 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Gogo by 15.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,424,378 shares of the technology company's stock valued at $19,613,000 after purchasing an additional 330,961 shares during the last quarter. LB Partners LLC boosted 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 valued at $17,969,000 after purchasing an additional 176,092 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Gogo by 256.1% during the 4th quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company's stock worth $1,252,000 after buying an additional 111,267 shares during the period. Institutional investors and hedge funds own 69.60% of the company's stock.

Gogo Stock Up 1.9 %

Shares of GOGO traded up $0.14 during trading hours on Tuesday, reaching $7.25. The company's stock had a trading volume of 275,129 shares, compared to its average volume of 1,172,383. The company has a 50 day moving average of $7.64 and a two-hundred day moving average of $7.63. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The firm has a market cap of $951.63 million, a price-to-earnings ratio of 16.84 and a beta of 0.60. Gogo Inc. has a 1-year low of $6.17 and a 1-year high of $11.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com cut shares of Gogo from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Roth Mkm decreased their price objective on shares of Gogo from $15.50 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 17th.

Insider Buying and Selling at Gogo

In other news, Director Oakleigh Thorne purchased 30,173 shares of Gogo stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $6.57 per share, for a total transaction of $198,236.61. Following the acquisition, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. This represents a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.00% of the company's stock.

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.