Olympiad Research LP Trims Stake in Gogo Inc. (NASDAQ:GOGO)

Olympiad Research LP lowered its holdings in Gogo Inc. (NASDAQ:GOGO) by 57.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,731 shares of the technology company’s stock after selling 25,570 shares during the period. Olympiad Research LP’s holdings in Gogo were worth $152,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GOGO. Brighton Jones LLC purchased a new stake in Gogo in the third quarter valued at approximately $72,000. Point72 DIFC Ltd raised its position 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 valued at $139,000 after buying an additional 7,252 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Gogo during the 3rd quarter worth $158,000. Point72 Asia Singapore Pte. Ltd. grew its position in Gogo by 110.1% in the third 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 bought a new position in Gogo in the third quarter valued at $169,000. Institutional investors own 69.60% of the company’s stock.

Gogo Trading Up 1.0 %

NASDAQ GOGO opened at $7.96 on Monday. The stock’s 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $7.62. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.00. 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 capitalization of $1.00 billion, a price-to-earnings ratio of 18.51 and a beta of 1.13.

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.