64,140 Shares in Gogo Inc. (NASDAQ:GOGO) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC bought a new stake in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 64,140 shares of the technology company's stock, valued at approximately $519,000. Gotham Asset Management LLC owned about 0.05% of Gogo at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Gogo by 138.4% during the fourth quarter. FMR LLC now owns 13,475,009 shares of the technology company's stock valued at $109,013,000 after acquiring an additional 7,821,973 shares during the period. Capco Asset Management LLC boosted its holdings in shares of Gogo by 22.1% during the fourth quarter. Capco Asset Management LLC now owns 3,009,743 shares of the technology company's stock valued at $24,349,000 after acquiring an additional 544,178 shares during the period. Nantahala Capital Management LLC boosted its holdings in shares of Gogo by 441.5% during the fourth quarter. Nantahala Capital Management LLC now owns 2,574,642 shares of the technology company's stock valued at $20,829,000 after acquiring an additional 2,099,145 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Gogo by 15.8% during the fourth quarter. William Blair Investment Management LLC now owns 2,424,378 shares of the technology company's stock valued at $19,613,000 after acquiring an additional 330,961 shares during the period. Finally, LB Partners LLC boosted its holdings in shares of Gogo by 8.6% during the fourth quarter. LB Partners LLC now owns 2,221,092 shares of the technology company's stock valued at $17,969,000 after acquiring an additional 176,092 shares during the period. Institutional investors own 69.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOGO. Wall Street Zen raised shares of Gogo from a "hold" rating to a "buy" rating in a report on Thursday. Roth Mkm reduced their price target on shares of Gogo from $15.50 to $13.00 and set a "buy" rating for the company in a report on Monday, March 17th.

Gogo Price Performance

GOGO stock traded down $1.97 during trading on Friday, hitting $10.84. The company had a trading volume of 4,313,505 shares, compared to its average volume of 1,314,170. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.21 and a beta of 0.93. The business has a 50 day moving average of $8.57 and a 200 day moving average of $8.07. Gogo Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $13.16. 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 (NASDAQ:GOGO - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.13. The business had revenue of $230.31 million during the quarter, compared to the consensus estimate of $214.93 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The company's quarterly revenue was up 120.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. As a group, research analysts predict that Gogo Inc. will post 0.41 earnings per share for the current year.

Insider Buying and Selling

In other Gogo news, Director Oakleigh Thorne purchased 30,173 shares of the business's stock in a transaction on Monday, March 17th. The stock was bought 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 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 25.78% of the company's stock.

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.