Traders Purchase High Volume of Gogo Call Options (NASDAQ:GOGO)

Gogo Inc. (NASDAQ:GOGO - Get Free Report) was the target of unusually large options trading on Thursday. Traders acquired 20,208 call options on the company. This is an increase of 1,120% compared to the typical daily volume of 1,657 call options.

Gogo Stock Up 1.4 %

NASDAQ:GOGO traded up $0.11 on Monday, hitting $8.07. The stock had a trading volume of 1,154,384 shares, compared to its average volume of 1,006,765. 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 has a 52 week low of $6.17 and a 52 week high of $11.00. The business's fifty day moving average is $7.98 and its 200 day moving average is $7.62. The company has a market cap of $1.02 billion, a PE ratio of 18.77 and a beta of 1.13.

Hedge Funds Weigh In On Gogo

A number of large investors have recently modified their holdings of GOGO. PharVision Advisers LLC bought a new stake in shares of Gogo during the fourth quarter worth about $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Gogo by 14.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 237,941 shares of the technology company's stock valued at $1,925,000 after purchasing an additional 29,585 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Gogo by 76.1% during the fourth quarter. Voloridge Investment Management LLC now owns 581,706 shares of the technology company's stock worth $4,706,000 after purchasing an additional 251,348 shares during the last quarter. Squarepoint Ops LLC grew its position in Gogo by 222.0% in the 4th quarter. Squarepoint Ops LLC now owns 30,506 shares of the technology company's stock worth $247,000 after purchasing an additional 55,506 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Gogo by 50.1% in the 4th quarter. Two Sigma Investments LP now owns 101,778 shares of the technology company's stock valued at $823,000 after buying an additional 33,960 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors.

Remove Ads

About Gogo

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.