Gogo Inc. (NASDAQ:GOGO) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Gogo Inc. (NASDAQ:GOGO) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,921 shares of the technology company’s stock after selling 3,289 shares during the quarter. Pacer Advisors Inc.’s holdings in Gogo were worth $88,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOGO. Barclays PLC increased its position in Gogo by 357.5% during the 3rd quarter. Barclays PLC now owns 109,959 shares of the technology company’s stock worth $789,000 after purchasing an additional 85,925 shares in the last quarter. LB Partners LLC grew its stake in Gogo by 12.4% during the third quarter. LB Partners LLC now owns 2,045,000 shares of the technology company’s stock worth $14,683,000 after buying an additional 225,000 shares during the period. State Street Corp increased its position in shares of Gogo by 2.1% in the third quarter. State Street Corp now owns 2,461,691 shares of the technology company’s stock worth $17,675,000 after acquiring an additional 51,681 shares in the last quarter. FMR LLC raised its stake in shares of Gogo by 13.5% in the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock valued at $40,589,000 after acquiring an additional 673,315 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Gogo by 612.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 253,114 shares of the technology company’s stock valued at $1,817,000 after acquiring an additional 217,570 shares during the period. 69.60% of the stock is currently owned by hedge funds and other institutional investors.

Gogo Stock Up 0.5 %

Shares of Gogo stock opened at $8.18 on Wednesday. Gogo Inc. has a twelve month low of $6.17 and a twelve month high of $11.17. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 19.02 and a beta of 1.13. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. The company has a fifty day moving average price of $7.90 and a 200 day moving average price of $7.68.

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.