Fox Run Management L.L.C. Invests $253,000 in Gogo Inc. (NASDAQ:GOGO)

Fox Run Management L.L.C. purchased a new stake in Gogo Inc. (NASDAQ:GOGO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,289 shares of the technology company’s stock, valued at approximately $253,000.

A number of other hedge funds have also bought and sold shares of GOGO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Gogo by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,356 shares of the technology company’s stock valued at $1,496,000 after purchasing an additional 1,714 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Gogo by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company’s stock valued at $4,005,000 after buying an additional 3,181 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Gogo by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 287,890 shares of the technology company’s stock valued at $2,329,000 after buying an additional 5,420 shares during the period. Brighton Jones LLC grew its position in Gogo by 69.6% during 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 in the last quarter. Finally, SG Americas Securities LLC increased its stake in Gogo by 25.4% during the 4th 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 during the period. 69.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOGO has been the subject of a number of recent analyst reports. Roth Mkm cut their target price on Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a research report on Monday, March 17th. StockNews.com cut shares of Gogo from a “hold” rating to a “sell” rating in a research report on Monday, March 17th.

Gogo Stock Up 0.1 %

Shares of GOGO opened at $8.71 on Friday. The firm has a 50 day simple moving average of $7.84 and a two-hundred day simple moving average of $7.57. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. Gogo Inc. has a one year low of $6.17 and a one year high of $11.00. The company has a market cap of $1.14 billion, a P/E ratio of 20.26 and a beta of 1.01.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The company had revenue of $137.80 million during the quarter, compared to analysts’ expectations of $97.80 million. During the same quarter in the previous year, the firm earned $0.11 EPS. Gogo’s revenue was up 40.9% on a year-over-year basis. Research analysts forecast that Gogo Inc. will post 0.41 EPS for the current fiscal year.

Insider Transactions at Gogo

In related news, Director Oakleigh Thorne acquired 30,173 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $6.57 per share, for a total transaction of $198,236.61. Following the transaction, the director now directly owns 711,341 shares in the company, valued at $4,673,510.37. This trade represents a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 26.00% of the company’s stock.

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.