Barclays PLC Boosts Holdings in Gogo Inc. (NASDAQ:GOGO)

Barclays PLC boosted its position in Gogo Inc. (NASDAQ:GOGO) by 357.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 109,959 shares of the technology company’s stock after purchasing an additional 85,925 shares during the quarter. Barclays PLC’s holdings in Gogo were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $1,496,000 after purchasing an additional 1,714 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Gogo by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company’s stock worth $4,005,000 after purchasing an additional 3,181 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in Gogo by 7.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 57,452 shares of the technology company’s stock worth $553,000 after purchasing an additional 3,845 shares in the last quarter. nVerses Capital LLC purchased a new stake in Gogo in the 3rd quarter worth approximately $34,000. Finally, Public Sector Pension Investment Board lifted its stake in Gogo by 4.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 134,206 shares of the technology company’s stock worth $1,291,000 after purchasing an additional 5,869 shares in the last quarter. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Gogo Stock Performance

NASDAQ GOGO opened at $7.60 on Thursday. The company’s 50 day simple moving average is $7.81 and its two-hundred day simple moving average is $7.81. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The stock has a market capitalization of $955.92 million, a PE ratio of 17.67 and a beta of 1.15. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.17.

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.