MetLife Investment Management LLC Has $220,000 Holdings in Gogo Inc. (NASDAQ:GOGO)

MetLife Investment Management LLC decreased its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,603 shares of the technology company’s stock after selling 6,272 shares during the quarter. MetLife Investment Management LLC’s holdings in Gogo were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Select Equity Group L.P. acquired a new position in shares of Gogo during the second quarter worth approximately $2,764,000. LB Partners LLC lifted its stake in shares of Gogo by 12.4% in the third quarter. LB Partners LLC now owns 2,045,000 shares of the technology company’s stock valued at $14,683,000 after buying an additional 225,000 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Gogo by 19.0% during the second quarter. Millennium Management LLC now owns 814,833 shares of the technology company’s stock valued at $7,839,000 after buying an additional 130,344 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Gogo by 7.9% during the second quarter. William Blair Investment Management LLC now owns 2,073,693 shares of the technology company’s stock worth $19,949,000 after acquiring an additional 152,338 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Gogo in the 3rd quarter worth about $740,000. Institutional investors own 69.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $15.50 target price on shares of Gogo in a report on Tuesday, September 17th. Morgan Stanley decreased their target price on Gogo from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 3rd.

Gogo Price Performance

Shares of NASDAQ:GOGO opened at $7.74 on Monday. The company’s fifty day moving average price is $7.36 and its 200-day moving average price is $8.22. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. The firm has a market capitalization of $973.53 million, a price-to-earnings ratio of 18.00 and a beta of 1.18. Gogo Inc. has a one year low of $6.17 and a one year high of $11.17.

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.