Gogo Inc. (NASDAQ:GOGO) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in Gogo Inc. (NASDAQ:GOGO) by 48.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 234,531 shares of the technology company’s stock after selling 219,525 shares during the period. Blair William & Co. IL owned about 0.19% of Gogo worth $1,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Semanteon Capital Management LP acquired a new stake in shares of Gogo in the fourth quarter valued at $138,000. Brighton Jones LLC boosted its holdings in Gogo by 69.6% during the 4th quarter. Brighton Jones LLC now owns 17,000 shares of the technology company’s stock valued at $138,000 after acquiring an additional 6,978 shares during the period. Point72 DIFC Ltd grew its position in Gogo by 59.8% in the 3rd quarter. Point72 DIFC Ltd now owns 19,382 shares of the technology company’s stock valued at $139,000 after acquiring an additional 7,252 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Gogo by 110.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,454 shares of the technology company’s stock valued at $168,000 after acquiring an additional 12,289 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Gogo during the third quarter worth about $169,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOGO shares. Roth Mkm dropped their price objective on shares of Gogo from $15.50 to $13.00 and set a “buy” rating for the company in a report on Monday, March 17th. StockNews.com downgraded shares of Gogo from a “hold” rating to a “sell” rating in a research note on Monday, March 17th.

Insiders Place Their Bets

In other Gogo news, Director Oakleigh Thorne bought 30,173 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $6.57 per share, with a total value of $198,236.61. Following the transaction, the director now owns 711,341 shares of the company’s stock, valued at approximately $4,673,510.37. The trade was a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.00% of the stock is owned by company insiders.

Gogo Stock Down 2.3 %

Shares of NASDAQ:GOGO opened at $8.42 on Wednesday. Gogo Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.00. The firm’s 50 day moving average price is $7.87 and its 200 day moving average price is $7.59. 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 stock has a market cap of $1.11 billion, a price-to-earnings ratio of 19.58 and a beta of 1.01.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Friday, March 14th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $97.80 million. Gogo had a net margin of 13.94% and a return on equity of 121.96%. The company’s revenue was up 40.9% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. As a group, equities research analysts predict that Gogo Inc. will post 0.41 earnings per share for the current fiscal year.

About Gogo

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.