Los Angeles Capital Management LLC Has $505,000 Stock Holdings in Gogo Inc. (NASDAQ:GOGO)

Los Angeles Capital Management LLC reduced its holdings in shares of Gogo Inc. (NASDAQ:GOGO) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,316 shares of the technology company’s stock after selling 8,400 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Gogo worth $505,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. nVerses Capital LLC bought a new position in shares of Gogo in the third quarter worth about $34,000. Brighton Jones LLC bought a new position in Gogo in the 3rd quarter valued at approximately $72,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gogo in the second quarter valued at approximately $107,000. AQR Capital Management LLC bought a new stake in shares of Gogo during the second quarter worth $108,000. Finally, SG Americas Securities LLC acquired a new position in shares of Gogo during the second quarter worth $109,000. 69.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd. Roth Mkm restated a “buy” rating and set a $15.50 price target on shares of Gogo in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Gogo from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, August 8th.

Gogo Stock Down 5.9 %

Shares of NASDAQ:GOGO opened at $7.54 on Friday. The firm has a market cap of $948.38 million, a P/E ratio of 17.53 and a beta of 1.10. Gogo Inc. has a 12-month low of $6.17 and a 12-month high of $11.17. The business has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $8.47. 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.