Gogo Inc. (NASDAQ:GOGO) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in Gogo Inc. (NASDAQ:GOGO) by 81.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 46,345 shares of the technology company’s stock after selling 206,769 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Gogo were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Gogo by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,356 shares of the technology company’s stock worth $1,496,000 after purchasing an additional 1,714 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Gogo by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company’s stock worth $4,005,000 after purchasing an additional 3,181 shares during the period. Principal Financial Group Inc. raised its position in Gogo by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 287,890 shares of the technology company’s stock valued at $2,329,000 after buying an additional 5,420 shares during the period. Brighton Jones LLC grew its stake in Gogo by 69.6% in 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. Finally, SG Americas Securities LLC boosted its stake in shares of Gogo by 25.4% during the 4th quarter. SG Americas Securities LLC now owns 35,333 shares of the technology company’s stock worth $286,000 after acquiring an additional 7,156 shares in the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gogo

In related news, Director Oakleigh Thorne bought 30,173 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $6.57 per share, with a total value of $198,236.61. Following the acquisition, the director now owns 711,341 shares in the company, valued at approximately $4,673,510.37. This represents a 4.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.00% of the company’s stock.

Gogo Trading Up 15.7 %

Gogo stock opened at $7.66 on Thursday. The business has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $7.62. 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 stock has a market cap of $1.01 billion, a price-to-earnings ratio of 17.81 and a beta of 0.60. Gogo Inc. has a 12 month low of $6.17 and a 12 month high of $11.00.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities analysts forecast that Gogo Inc. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

GOGO has been the subject of several recent analyst reports. Roth Mkm decreased their target price on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 17th. StockNews.com downgraded Gogo from a “hold” rating to a “sell” rating in a research note on Monday, March 17th.

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.