Gogo Inc. (NASDAQ:GOGO) Stock Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in Gogo Inc. (NASDAQ:GOGO - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,073,039 shares of the technology company's stock after purchasing an additional 85,412 shares during the quarter. Dimensional Fund Advisors LP owned about 0.85% of Gogo worth $8,678,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Gogo by 357.5% in the 3rd quarter. Barclays PLC now owns 109,959 shares of the technology company's stock valued at $789,000 after purchasing an additional 85,925 shares during the period. SG Americas Securities LLC grew its position in Gogo by 25.4% in the fourth 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. Brighton Jones LLC lifted its position in shares of Gogo by 69.6% in 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. LB Partners LLC grew its holdings in 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 purchasing an additional 176,092 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Gogo by 256.1% in the 4th quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company's stock worth $1,252,000 after acquiring an additional 111,267 shares during the period. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gogo

In other Gogo news, Director Oakleigh Thorne bought 30,173 shares of Gogo stock in a transaction dated Monday, March 17th. The stock was bought at an average price of $6.57 per share, with a total value of $198,236.61. Following the completion of the transaction, the director now owns 711,341 shares in the company, valued at $4,673,510.37. The trade was a 4.43 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 26.00% of the company's stock.

Gogo Stock Up 45.0 %

Shares of GOGO stock opened at $10.98 on Friday. Gogo Inc. has a 52-week low of $6.17 and a 52-week high of $11.34. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 25.53 and a beta of 0.93. The firm's 50-day moving average is $7.52 and its 200-day moving average is $7.72.

Gogo (NASDAQ:GOGO - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.13. The company had revenue of $230.31 million for the quarter, compared to analyst estimates of $214.93 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The company's revenue was up 120.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Sell-side analysts predict that Gogo Inc. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

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

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