Pacer Advisors Inc. Trims Stock Position in Gogo Inc. (NASDAQ:GOGO)

Pacer Advisors Inc. cut its holdings in Gogo Inc. (NASDAQ:GOGO) by 23.1% during the 4th quarter, according to its most recent Form 13F filing 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 hedge funds have also modified their holdings of GOGO. FMR LLC grew its holdings in Gogo by 13.5% during the 3rd quarter. FMR LLC now owns 5,653,036 shares of the technology company’s stock valued at $40,589,000 after buying an additional 673,315 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Gogo during the 3rd quarter worth about $3,031,000. LB Partners LLC raised its stake in Gogo by 12.4% in the 3rd quarter. LB Partners LLC now owns 2,045,000 shares of the technology company’s stock valued at $14,683,000 after purchasing an additional 225,000 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in 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 purchasing an additional 217,570 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Gogo by 19.0% during the 2nd quarter. Millennium Management LLC now owns 814,833 shares of the technology company’s stock worth $7,839,000 after purchasing an additional 130,344 shares during the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.

Gogo Stock Performance

NASDAQ:GOGO opened at $8.18 on Wednesday. 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 cap of $1.03 billion, a PE ratio of 19.02 and a beta of 1.13. The firm has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $7.68. Gogo Inc. has a 1-year low of $6.17 and a 1-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.