Laurus Investment Counsel Inc. Sells 94,800 Shares of Gogo Inc. (NASDAQ:GOGO)

Laurus Investment Counsel Inc. lowered its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 46.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,275 shares of the technology company’s stock after selling 94,800 shares during the quarter. Laurus Investment Counsel Inc.’s holdings in Gogo were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GOGO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Gogo by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,356 shares of the technology company’s stock worth $1,496,000 after acquiring an additional 1,714 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Gogo by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 557,732 shares of the technology company’s stock valued at $4,005,000 after acquiring an additional 3,181 shares in the last quarter. nVerses Capital LLC purchased a new stake in Gogo during the 3rd quarter worth approximately $34,000. Point72 Asset Management L.P. raised its position in Gogo by 29.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 30,700 shares of the technology company’s stock worth $295,000 after buying an additional 6,900 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in Gogo by 69.6% in the fourth 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. 69.60% of the stock is currently owned by institutional investors.

Gogo Stock Performance

NASDAQ:GOGO opened at $8.44 on Friday. Gogo Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.17. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. The company has a fifty day moving average of $7.90 and a two-hundred day moving average of $7.72. The stock has a market capitalization of $1.06 billion, a PE ratio of 19.63 and a beta of 1.15.

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.