Marshall Wace LLP Purchases 48,239 Shares of Gogo Inc. (NASDAQ:GOGO)

Marshall Wace LLP boosted its holdings in Gogo Inc. (NASDAQ:GOGO - Free Report) by 285.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,139 shares of the technology company's stock after buying an additional 48,239 shares during the quarter. Marshall Wace LLP owned approximately 0.05% of Gogo worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diametric Capital LP acquired a new stake in shares of Gogo in the 4th quarter valued at approximately $121,000. Mariner LLC acquired a new stake in Gogo in the fourth quarter valued at approximately $124,000. Semanteon Capital Management LP bought a new stake in shares of Gogo during the fourth quarter worth $138,000. Brighton Jones LLC increased its holdings in shares of 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 in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Gogo in the 3rd quarter valued at $169,000. Institutional investors own 69.60% of the company's stock.

Analysts Set New Price Targets

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

Gogo Trading Up 0.5 %

Shares of NASDAQ:GOGO traded up $0.04 during trading on Thursday, reaching $7.57. The stock had a trading volume of 172,827 shares, compared to its average volume of 1,179,427. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 17.60 and a beta of 0.93. 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 Inc. has a 52 week low of $6.17 and a 52 week high of $11.00. The firm's fifty day moving average is $7.43 and its 200 day moving average is $7.68.

Gogo (NASDAQ:GOGO - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The technology company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $97.80 million. During the same period in the previous year, the business earned $0.11 EPS. The firm's revenue was up 40.9% compared to the same quarter last year. As a group, equities analysts forecast that Gogo Inc. will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling at Gogo

In related news, Director Oakleigh Thorne bought 30,173 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $6.57 per share, with a total value of $198,236.61. Following the completion of the purchase, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. The trade was a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 26.00% of the company's stock.

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.