34,368 Shares in Gogo Inc. (NASDAQ:GOGO) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new position in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,368 shares of the technology company's stock, valued at approximately $278,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new stake in shares of Gogo in the fourth quarter valued at about $116,000. Diametric Capital LP purchased a new position in Gogo in the 4th quarter valued at about $121,000. Mariner LLC acquired a new stake in shares of Gogo during the fourth quarter valued at about $124,000. Semanteon Capital Management LP purchased a new stake in Gogo during the 4th quarter worth approximately $138,000. Finally, Brighton Jones LLC boosted its stake in shares of Gogo by 69.6% during the 4th quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock valued at $138,000 after buying an additional 6,978 shares during the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gogo

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

Gogo Stock Performance

Shares of Gogo stock traded up $3.51 during trading on Friday, hitting $11.08. 8,224,694 shares of the stock were exchanged, compared to its average volume of 1,213,580. The stock has a market cap of $1.47 billion, a PE ratio of 25.77 and a beta of 0.93. The stock's fifty day moving average is $7.44 and its 200 day moving average is $7.69. Gogo Inc. has a 12 month low of $6.17 and a 12 month high of $11.31. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58.

Gogo (NASDAQ:GOGO - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, beating 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 company had revenue of $137.80 million for the quarter, compared to analysts' expectations of $97.80 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business's revenue for the quarter was up 40.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gogo Inc. will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

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