Barclays PLC Buys 85,925 Shares of Gogo Inc. (NASDAQ:GOGO)

Barclays PLC grew its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 357.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,959 shares of the technology company’s stock after acquiring an additional 85,925 shares during the period. Barclays PLC owned about 0.09% of Gogo worth $789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC bought a new position in Gogo in the 3rd quarter worth approximately $34,000. Brighton Jones LLC bought a new position in Gogo in the 3rd quarter worth approximately $72,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Gogo in the 2nd quarter worth approximately $107,000. AQR Capital Management LLC bought a new position in Gogo in the 2nd quarter worth approximately $108,000. Finally, Point72 DIFC Ltd bought a new position in Gogo in the 2nd quarter worth approximately $117,000. 69.60% of the stock is owned by institutional investors.

Gogo Stock Up 4.7 %

GOGO opened at $7.60 on Thursday. The company has a 50 day moving average of $7.81 and a 200 day moving average of $7.81. The company has a market cap of $955.92 million, a PE ratio of 17.67 and a beta of 1.15. Gogo Inc. has a 12 month low of $6.17 and a 12 month high of $11.17. 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 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.