Gogo Inc. (NASDAQ:GOGO) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. reduced its position in Gogo Inc. (NASDAQ:GOGO - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,275 shares of the technology company's stock after selling 94,800 shares during the quarter. Laurus Investment Counsel Inc. owned approximately 0.09% of Gogo worth $900,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Gogo by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,356 shares of the technology company's stock valued at $1,496,000 after buying an additional 1,714 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Gogo by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company's stock valued at $4,005,000 after buying an additional 3,181 shares during the period. nVerses Capital LLC purchased a new position in shares of Gogo in the 3rd quarter valued at about $34,000. Point72 Asset Management L.P. lifted its stake in Gogo by 29.0% during the second quarter. Point72 Asset Management L.P. now owns 30,700 shares of the technology company's stock worth $295,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock worth $138,000 after purchasing an additional 6,978 shares during the last quarter. 69.60% of the stock is owned by institutional investors and hedge funds.

Gogo Stock Down 0.2 %

GOGO stock traded down $0.02 during trading on Wednesday, hitting $8.17. 300,328 shares of the company's stock were exchanged, compared to its average volume of 967,993. The business has a 50-day moving average price of $7.90 and a two-hundred day moving average price of $7.68. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.99 and a beta of 1.13. Gogo Inc. has a 52-week low of $6.17 and a 52-week high of $11.17. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07.

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.