Stelliam Investment Management LP Has Decreased Its Gogo INC (GOGO) Position as Market Valuation Declined

Gogo Inc. (NASDAQ:GOGO) LogoInvestors sentiment increased to 1.84 in Q2 2019. Its up 0.66, from 1.18 in 2019Q1. It improved, as 10 investors sold GOGO shares while 21 reduced holdings. 22 funds opened positions while 35 raised stakes. 48.37 million shares or 2.07% more from 47.39 million shares in 2019Q1 were reported. Clearline Cap Lp holds 84,878 shares or 0.17% of its portfolio. Wolverine Asset Limited Co invested in 364,848 shares or 0.02% of the stock. Parametric Associates Ltd has 94,702 shares. Morgan Stanley has 0% invested in Gogo Inc. (NASDAQ:GOGO). Clearbridge Invs Ltd Liability Corporation has 0% invested in Gogo Inc. (NASDAQ:GOGO). Credit Suisse Ag stated it has 0% in Gogo Inc. (NASDAQ:GOGO). American Gp Inc owns 34,921 shares for 0% of their portfolio. Jacobs Levy Equity Mgmt owns 609,636 shares or 0.03% of their US portfolio. Alliancebernstein Lp accumulated 119,300 shares. Capital has 0% invested in Gogo Inc. (NASDAQ:GOGO) for 1.21 million shares. 1.65 million were reported by Frontier Management Co Ltd Llc. S Muoio Limited Liability accumulated 181,751 shares or 0.59% of the stock. 809,439 are owned by Spark Inv Limited Liability Corporation. D E Shaw & Com invested in 0% or 654,260 shares. Voya Invest Mngmt has invested 0% in Gogo Inc. (NASDAQ:GOGO).

Since August 15, 2019, it had 6 insider buys, and 0 insider sales for $1.21 million activity. Shares for $21,000 were bought by MUNDHEIM ROBERT H. 50,000 shares valued at $198,940 were bought by JONES HUGH W on Monday, August 26.

Stelliam Investment Management Lp decreased its stake in Gogo Inc (GOGO) by 51.04% based on its latest 2019Q2 regulatory filing with the SEC. Stelliam Investment Management Lp sold 3.45 million shares as the company’s stock declined 19.42% . The hedge fund held 3.31M shares of the telecommunications equipment company at the end of 2019Q2, valued at $13.18 million, down from 6.77 million at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Gogo Inc for a number of months, seems to be less bullish one the $537.22 million market cap company. The stock increased 1.33% or $0.08 during the last trading session, reaching $6.1. About 2.73M shares traded or 68.60% up from the average. Gogo Inc. (NASDAQ:GOGO) has risen 16.39% since September 13, 2018 and is uptrending. It has outperformed by 16.39% the S&P500.

Analysts await Gogo Inc. (NASDAQ:GOGO) to report earnings on November, 5. They expect $-0.56 EPS, down 19.15 % or $0.09 from last year’s $-0.47 per share. After $-0.47 actual EPS reported by Gogo Inc. for the previous quarter, Wall Street now forecasts 19.15 % negative EPS growth.

More notable recent Gogo Inc. (NASDAQ:GOGO) news were published by: Benzinga.com which released: “71 Biggest Movers From Yesterday – Benzinga” on September 12, 2019, also Nasdaq.com with their article: “Will Gogo Continue to Surge Higher? – Nasdaq” published on March 13, 2019, Finance.Yahoo.com published: “5 Top Stock Trades for Monday: ZM, GOGO, SNAP, PINS, MSFT – Yahoo Finance” on September 06, 2019. More interesting news about Gogo Inc. (NASDAQ:GOGO) were released by: Prnewswire.com and their article: “Gogo Closes $30 Million Revolving Credit Facility to Strengthen its Balance Sheet and Liquidity Position – PRNewswire” published on August 27, 2019 as well as Nasdaq.com‘s news article titled: “Why Gogo Stock Jumped Monday – Nasdaq” with publication date: April 15, 2019.

Gogo Inc. (NASDAQ:GOGO) Ratings Coverage

Among 2 analysts covering Gogo (NASDAQ:GOGO), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gogo has $1000 highest and $7 lowest target. $8.50’s average target is 39.34% above currents $6.1 stock price. Gogo had 5 analyst reports since April 7, 2019 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Thursday, April 18.

Gogo Inc. (NASDAQ:GOGO) Institutional Positions Chart

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