Los Angeles Capital Management LLC Sells 11,500 Shares of Gogo Inc. (NASDAQ:GOGO)

Los Angeles Capital Management LLC cut its holdings in shares of Gogo Inc. (NASDAQ:GOGO) by 16.4% during the fourth quarter, Holdings Channel reports. The fund owned 58,816 shares of the technology company’s stock after selling 11,500 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Gogo were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOGO. Barclays PLC raised its holdings in Gogo by 357.5% in the 3rd quarter. Barclays PLC now owns 109,959 shares of the technology company’s stock valued at $789,000 after acquiring an additional 85,925 shares during the period. Van ECK Associates Corp grew its position in shares of Gogo by 256.1% in the fourth quarter. Van ECK Associates Corp now owns 154,706 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 111,267 shares during the last quarter. State Street Corp increased its stake in shares of Gogo by 2.1% during the third quarter. State Street Corp now owns 2,461,691 shares of the technology company’s stock worth $17,675,000 after purchasing an additional 51,681 shares during the period. FMR LLC lifted its holdings in Gogo by 13.5% during the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock worth $40,589,000 after purchasing an additional 673,315 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Gogo by 612.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock valued at $1,817,000 after purchasing an additional 217,570 shares during the period. Institutional investors own 69.60% of the company’s stock.

Gogo Price Performance

NASDAQ:GOGO opened at $7.03 on Tuesday. Gogo Inc. has a 52 week low of $6.17 and a 52 week high of $11.00. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The firm’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $7.62. The firm has a market cap of $884.23 million, a price-to-earnings ratio of 16.35 and a beta of 1.13.

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.