Gogo Inc. (NASDAQ:GOGO) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Gogo Inc. (NASDAQ:GOGO) by 256.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,706 shares of the technology company’s stock after purchasing an additional 111,267 shares during the quarter. Van ECK Associates Corp owned approximately 0.12% of Gogo worth $1,252,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. LB Partners LLC grew its position in shares of Gogo by 8.6% in 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. Brighton Jones LLC grew 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 valued at $138,000 after purchasing an additional 6,978 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Gogo by 25.4% in the fourth quarter. SG Americas Securities LLC now owns 35,333 shares of the technology company’s stock valued at $286,000 after purchasing an additional 7,156 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Gogo in the third quarter valued at approximately $169,000. Finally, Barclays PLC grew its position in shares of Gogo by 357.5% in the third 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 last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

Gogo Stock Up 1.0 %

Shares of NASDAQ GOGO opened at $7.96 on Friday. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.00. The firm’s 50 day moving average price is $7.98 and its 200 day moving average price is $7.62. The firm has a market cap of $1.00 billion, a P/E ratio of 18.51 and a beta of 1.13. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58.

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.