Los Angeles Capital Management LLC Has $476,000 Stock Position in Gogo Inc. (NASDAQ:GOGO)

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

A number of other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp grew its position in Gogo by 44.0% in the third quarter. Van ECK Associates Corp now owns 43,439 shares of the technology company’s stock valued at $311,000 after purchasing an additional 13,283 shares in the last quarter. Olympiad Research LP bought a new position in shares of Gogo in the 3rd quarter valued at about $318,000. Royce & Associates LP grew its holdings in shares of Gogo by 39.4% in the 3rd quarter. Royce & Associates LP now owns 123,910 shares of the technology company’s stock valued at $890,000 after acquiring an additional 35,025 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Gogo in the third quarter valued at about $158,000. Finally, Intech Investment Management LLC bought a new stake in Gogo during the third quarter worth about $740,000. Institutional investors own 69.60% of the company’s stock.

Gogo Stock Down 4.1 %

GOGO stock opened at $7.03 on Tuesday. The company has a market cap of $884.23 million, a price-to-earnings ratio of 16.35 and a beta of 1.13. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.00. The business has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $7.62. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07.

Gogo 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.