Yousif Capital Management LLC Has $187,000 Stock Position in Gogo Inc. (NASDAQ:GOGO)

Yousif Capital Management LLC lessened its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,171 shares of the technology company’s stock after selling 1,753 shares during the period. Yousif Capital Management LLC’s holdings in Gogo were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in Gogo during the third quarter valued at $34,000. Brighton Jones LLC purchased a new position in Gogo during the 3rd quarter valued at about $72,000. Point72 DIFC Ltd lifted its position in shares of Gogo by 59.8% in the third quarter. Point72 DIFC Ltd now owns 19,382 shares of the technology company’s stock worth $139,000 after purchasing an additional 7,252 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Gogo in the third quarter worth approximately $158,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Gogo by 110.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,454 shares of the technology company’s stock worth $168,000 after purchasing an additional 12,289 shares during the period. 69.60% of the stock is owned by hedge funds and other institutional investors.

Gogo Stock Up 0.1 %

Gogo stock opened at $8.39 on Wednesday. The firm’s 50 day moving average price is $7.96 and its two-hundred day moving average price is $7.62. The firm has a market cap of $1.05 billion, a PE ratio of 19.50 and a beta of 1.13. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.00. 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 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.