Fox Run Management L.L.C. Makes New Investment in Gogo Inc. (NASDAQ:GOGO)

Fox Run Management L.L.C. purchased a new stake in Gogo Inc. (NASDAQ:GOGO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 31,289 shares of the technology company's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOGO. Brighton Jones LLC lifted its holdings in Gogo by 69.6% during 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 in the last quarter. Semanteon Capital Management LP purchased a new position in Gogo in the 4th quarter valued at about $138,000. Point72 DIFC Ltd boosted its holdings in Gogo by 59.8% in the 3rd quarter. Point72 DIFC Ltd now owns 19,382 shares of the technology company's stock worth $139,000 after buying an additional 7,252 shares during the last quarter. Quest Partners LLC purchased a new stake in Gogo during the 3rd quarter worth approximately $158,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Gogo during the 4th quarter worth approximately $184,000. Hedge funds and other institutional investors own 69.60% of the company's stock.

Insider Buying and Selling

In other Gogo news, Director Oakleigh Thorne acquired 30,173 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $6.57 per share, for a total transaction of $198,236.61. Following the completion of the acquisition, the director now owns 711,341 shares of the company's stock, valued at approximately $4,673,510.37. The trade was a 4.43 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.00% of the stock is owned by company insiders.

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Gogo Price Performance

GOGO traded down $0.20 during trading on Tuesday, reaching $8.42. The company's stock had a trading volume of 2,296,509 shares, compared to its average volume of 1,134,302. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 19.58 and a beta of 1.01. The firm has a fifty day simple moving average of $7.87 and a two-hundred day simple moving average of $7.59. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.00. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07.

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

Analyst Upgrades and Downgrades

GOGO has been the topic of a number of research analyst reports. Roth Mkm lowered their price target on Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. StockNews.com lowered Gogo from a "hold" rating to a "sell" rating 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.