OZ Management LP cut its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 49.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,500 shares of the technology company’s stock after selling 47,000 shares during the period. OZ Management LP owned approximately 0.06% of Gogo worth $559,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its position in Gogo by 1.3% in the second quarter. Blair William & Co. IL now owns 237,031 shares of the technology company’s stock valued at $2,733,000 after buying an additional 3,102 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Gogo by 3.0% in the second quarter. Gamco Investors INC. ET AL now owns 1,032,600 shares of the technology company’s stock valued at $11,906,000 after buying an additional 29,900 shares in the last quarter. Legal & General Group Plc increased its position in Gogo by 3.8% in the second quarter. Legal & General Group Plc now owns 15,326 shares of the technology company’s stock valued at $178,000 after buying an additional 556 shares in the last quarter. Bank of New York Mellon Corp increased its position in Gogo by 5.7% in the second quarter. Bank of New York Mellon Corp now owns 244,268 shares of the technology company’s stock valued at $2,817,000 after buying an additional 13,237 shares in the last quarter. Finally, S. Muoio & CO. LLC increased its position in Gogo by 22.9% in the second quarter. S. Muoio & CO. LLC now owns 258,010 shares of the technology company’s stock valued at $2,975,000 after buying an additional 48,000 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Shares of Gogo Inc. (NASDAQ:GOGO) opened at 13.80 on Thursday. Gogo Inc. has a one year low of $8.56 and a one year high of $13.93. The stock’s market capitalization is $1.20 billion. The stock has a 50 day moving average of $12.41 and a 200-day moving average of $11.78.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by $0.07. The firm had revenue of $172.80 million for the quarter, compared to the consensus estimate of $167.63 million. During the same period last year, the company posted ($0.31) EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts predict that Gogo Inc. will post ($2.02) earnings per share for the current fiscal year.

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Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Gogo from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of Gogo from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Standpoint Research downgraded shares of Gogo from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Gogo in a report on Wednesday, May 31st. They issued an “outperform” rating and a $15.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $15.50.

Gogo Company Profile

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).

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Institutional Ownership by Quarter for Gogo (NASDAQ:GOGO)

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