Gogo Inc. (NASDAQ:GOGO) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,333 shares of the technology company’s stock after buying an additional 7,156 shares during the quarter. SG Americas Securities LLC’s holdings in Gogo were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its holdings in Gogo by 13.5% during the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock worth $40,589,000 after acquiring an additional 673,315 shares in the last quarter. Weiss Asset Management LP acquired a new position in Gogo in the third quarter worth about $3,031,000. LB Partners LLC increased its holdings in Gogo by 12.4% in the third quarter. LB Partners LLC now owns 2,045,000 shares of the technology company’s stock valued at $14,683,000 after buying an additional 225,000 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Gogo by 612.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock valued at $1,817,000 after buying an additional 217,570 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Gogo by 19.0% during the 2nd quarter. Millennium Management LLC now owns 814,833 shares of the technology company’s stock worth $7,839,000 after buying an additional 130,344 shares during the last quarter. Institutional investors own 69.60% of the company’s stock.

Gogo Price Performance

Shares of GOGO opened at $8.25 on Thursday. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 19.19 and a beta of 1.13. Gogo Inc. has a 52 week low of $6.17 and a 52 week high of $11.17. The stock has a 50 day moving average of $7.90 and a 200-day moving average of $7.69.

About Gogo

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.