Tealwood Asset Management Inc. Has $510,000 Position in Gogo Inc. (NASDAQ:GOGO)

Tealwood Asset Management Inc. lessened its position in Gogo Inc. (NASDAQ:GOGO) by 48.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 63,020 shares of the technology company’s stock after selling 58,627 shares during the period. Tealwood Asset Management Inc.’s holdings in Gogo were worth $510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Gogo Trading Down 1.4 %

Shares of NASDAQ:GOGO opened at $7.12 on Tuesday. The company has a market capitalization of $895.55 million, a P/E ratio of 16.56 and a beta of 1.15. 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 business’s 50 day simple moving average is $7.84 and its 200 day simple moving average is $7.83. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.17.

Wall Street Analyst Weigh In

Separately, Roth Mkm reiterated a “buy” rating and issued a $15.50 price target on shares of Gogo in a research note on Tuesday, September 17th.

Gogo Company 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.