LB Partners LLC Has $17.97 Million Stock Position in Gogo Inc. (NASDAQ:GOGO)

LB Partners LLC boosted its holdings in Gogo Inc. (NASDAQ:GOGO - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,221,092 shares of the technology company's stock after buying an additional 176,092 shares during the period. Gogo makes up about 13.5% of LB Partners LLC's investment portfolio, making the stock its 2nd largest position. LB Partners LLC owned 1.77% of Gogo worth $17,969,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GOGO. Brighton Jones LLC grew its position in shares of Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock worth $138,000 after buying an additional 6,978 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Gogo by 25.4% during the fourth quarter. SG Americas Securities LLC now owns 35,333 shares of the technology company's stock worth $286,000 after buying an additional 7,156 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Gogo during the third quarter worth approximately $169,000. Barclays PLC grew its position in shares of Gogo by 357.5% during the third quarter. Barclays PLC now owns 109,959 shares of the technology company's stock worth $789,000 after buying an additional 85,925 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Gogo by 102.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 29,037 shares of the technology company's stock worth $208,000 after buying an additional 14,718 shares in the last quarter. Hedge funds and other institutional investors own 69.60% of the company's stock.

Gogo Stock Performance

Gogo stock traded down $0.02 during mid-day trading on Wednesday, reaching $8.17. The company's stock had a trading volume of 300,328 shares, compared to its average volume of 967,993. 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 firm has a market cap of $1.03 billion, a price-to-earnings ratio of 18.99 and a beta of 1.13. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.17. The business has a 50 day moving average price of $7.90 and a 200-day moving average price of $7.68.

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.