XTX Topco Ltd Takes $337,000 Position in Gogo Inc. (NASDAQ:GOGO)

XTX Topco Ltd acquired a new position in Gogo Inc. (NASDAQ:GOGO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,619 shares of the technology company's stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of Gogo by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 287,890 shares of the technology company's stock worth $2,329,000 after purchasing an additional 5,420 shares during the period. Brighton Jones LLC increased 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 worth $138,000 after buying an additional 6,978 shares during the last quarter. SG Americas Securities LLC lifted its position 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 valued at $286,000 after buying an additional 7,156 shares during the last quarter. Geode Capital Management LLC grew its stake in Gogo by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,499,410 shares of the technology company's stock valued at $12,133,000 after buying an additional 7,777 shares in the last quarter. Finally, Barclays PLC grew its holdings in Gogo by 8.1% during the 4th quarter. Barclays PLC now owns 118,919 shares of the technology company's stock valued at $961,000 after buying an additional 8,960 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors.

Gogo Stock Up 0.7 %

Gogo stock traded up $0.05 on Tuesday, hitting $7.77. 110,804 shares of the stock traded hands, compared to its average volume of 1,189,548. The business's fifty day simple moving average is $7.43 and its 200 day simple moving average is $7.67. The firm has a market cap of $1.02 billion, a P/E ratio of 18.01 and a beta of 0.60. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. 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 earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The firm had revenue of $137.80 million for the quarter, compared to analysts' expectations of $97.80 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company's quarterly revenue was up 40.9% on a year-over-year basis. As a group, sell-side analysts forecast that Gogo Inc. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOGO. Roth Mkm lowered their price target on Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 17th. StockNews.com lowered shares of Gogo from a "hold" rating to a "sell" rating in a report on Monday, March 17th.

Insider Activity

In related news, Director Oakleigh Thorne acquired 30,173 shares of the stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $6.57 per share, with a total value of $198,236.61. Following the transaction, the director now directly owns 711,341 shares in the company, valued at approximately $4,673,510.37. This represents a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 26.00% of the stock is owned by corporate insiders.

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.