Principal Financial Group Inc. Acquires 5,420 Shares of Gogo Inc. (NASDAQ:GOGO)

Principal Financial Group Inc. grew its holdings in Gogo Inc. (NASDAQ:GOGO) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 287,890 shares of the technology company’s stock after purchasing an additional 5,420 shares during the period. Principal Financial Group Inc.’s holdings in Gogo were worth $2,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GOGO. Van ECK Associates Corp grew its stake in Gogo by 256.1% in the 4th quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company’s stock valued at $1,252,000 after buying an additional 111,267 shares in the last quarter. LB Partners LLC boosted its holdings 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 worth $17,969,000 after acquiring an additional 176,092 shares during the period. 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 in 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 in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Gogo during the 3rd quarter valued at $169,000. Institutional investors own 69.60% of the company’s stock.

Gogo Stock Up 1.4 %

Shares of NASDAQ GOGO opened at $7.05 on Thursday. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. The company has a market cap of $886.74 million, a P/E ratio of 16.40 and a beta of 1.01. Gogo Inc. has a 52 week low of $6.17 and a 52 week high of $11.00. The business has a 50-day simple moving average of $7.92 and a two-hundred day simple moving average of $7.62.

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.