Aigen Investment Management LP Invests $310,000 in Gogo Inc. (NASDAQ:GOGO)

Aigen Investment Management LP bought a new position in shares of Gogo Inc. (NASDAQ:GOGO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 38,373 shares of the technology company’s stock, valued at approximately $310,000.

Several other hedge funds have also modified their holdings of GOGO. Brighton Jones LLC boosted its stake in shares of Gogo by 69.6% during the 4th quarter. Brighton Jones LLC now owns 17,000 shares of the technology company’s stock worth $138,000 after acquiring an additional 6,978 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Gogo by 59.8% during the 3rd quarter. Point72 DIFC Ltd now owns 19,382 shares of the technology company’s stock worth $139,000 after acquiring an additional 7,252 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Gogo during the 3rd quarter worth about $158,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Gogo by 110.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,454 shares of the technology company’s stock worth $168,000 after acquiring an additional 12,289 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gogo during the 3rd quarter worth about $169,000. 69.60% of the stock is owned by hedge funds and other institutional investors.

Gogo Trading Up 0.6 %

Shares of Gogo stock opened at $6.88 on Friday. The firm has a market capitalization of $865.36 million, a PE ratio of 16.00 and a beta of 1.01. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.00. The firm’s 50-day moving average price is $7.89 and its 200 day moving average price is $7.60. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07.

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.