Two Sigma Securities LLC Sells 47,512 Shares of Gogo Inc. (NASDAQ:GOGO)

Two Sigma Securities LLC decreased its position in shares of Gogo Inc. (NASDAQ:GOGO - Free Report) by 73.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,967 shares of the technology company's stock after selling 47,512 shares during the quarter. Two Sigma Securities LLC's holdings in Gogo were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in shares of Gogo in the 4th quarter valued at $116,000. Diametric Capital LP purchased a new stake in shares of Gogo during the fourth quarter valued at approximately $121,000. Mariner LLC bought a new position in shares of Gogo during the 4th quarter valued at $124,000. Brighton Jones LLC grew its position in Gogo by 69.6% during the fourth quarter. Brighton Jones LLC now owns 17,000 shares of the technology company's stock valued at $138,000 after buying an additional 6,978 shares during the period. Finally, Semanteon Capital Management LP bought a new position in shares of Gogo in the fourth quarter worth about $138,000. Institutional investors own 69.60% of the company's stock.

Gogo Price Performance

GOGO traded down $0.30 during midday trading on Monday, reaching $7.50. 875,072 shares of the company's stock were exchanged, compared to its average volume of 1,191,570. The stock has a market capitalization of $991.85 million, a PE ratio of 17.44 and a beta of 0.93. The company has a debt-to-equity ratio of 11.07, a current ratio of 3.58 and a quick ratio of 2.81. Gogo Inc. has a 1-year low of $6.17 and a 1-year high of $11.00. The business's 50-day moving average price is $7.42 and its 200 day moving average price is $7.68.

Gogo (NASDAQ:GOGO - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $137.80 million for the quarter, compared to the consensus estimate of $97.80 million. Gogo had a return on equity of 121.96% and a net margin of 13.94%. The business's revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. As a group, equities analysts anticipate that Gogo Inc. will post 0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOGO has been the topic of several recent research reports. Roth Mkm decreased their price target on Gogo from $15.50 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 17th. StockNews.com lowered shares of Gogo from a "hold" rating to a "sell" rating in a report on Monday, March 17th.

Insider Buying and Selling at Gogo

In other news, Director Oakleigh Thorne acquired 30,173 shares of Gogo stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $6.57 per share, with a total value of $198,236.61. Following the acquisition, the director now owns 711,341 shares in the company, valued at $4,673,510.37. This represents a 4.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 26.00% of the company's stock.

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.