<div id="readability-page-1"><p>Gtcr LLC cut its stake in shares of  Gogo Inc. (NASDAQ:GOGO - Free Report) by 26.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,239,011 shares of the technology company's stock after selling 8,500,000 shares during the quarter. Gogo makes up  approximately  36.4% of Gtcr LLC's portfolio, making the stock its 2nd biggest position. Gtcr LLC owned 17.38% of Gogo worth $341,149,000 as of its most recent SEC filing.</p><ul><li>Bargain Alert on 3 Stocks Investors Have Oversold</li></ul><p>A number of other institutional investors have also recently made changes to their positions in GOGO. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of  Gogo by 8.1% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 13,877 shares of the technology company's stock worth $204,000 after acquiring an additional 1,034 shares during the last quarter.  Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in  Gogo by 8.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,357 shares of the technology company's stock valued at $225,000 after purchasing an additional 1,210 shares during the period.  Police &amp; Firemen s Retirement System of New Jersey raised its holdings in  Gogo by 9.8% during the 2nd quarter. Police &amp; Firemen s Retirement System of New Jersey now owns 15,063 shares of the technology company's stock worth $221,000 after purchasing an additional 1,340 shares during the last quarter.  The Manufacturers Life Insurance Company raised its holdings in  Gogo by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,934 shares of the technology company's stock worth $381,000 after purchasing an additional 1,597 shares during the last quarter.  Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of  Gogo by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,205 shares of the technology company's stock worth $338,000 after purchasing an additional 2,342 shares during the period. Institutional investors own  69.60% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>Several equities research analysts have recently weighed in on the stock. Weiss Ratings  reiterated a &#34;sell (d)&#34; rating on shares of Gogo in a research report on Monday. William Blair downgraded Gogo from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and a consensus price target of $14.83.</p><ul><li>Goldman Spotlights These 3 Stocks in Its Bullish S&amp;P 500 Outlook</li></ul><p><b>Get Our Latest Stock Report on GOGO</b></p><h2>Gogo Stock Down 9.9%</h2><p>Gogo stock opened at $5.09 on Friday. The company has a market capitalization of $681.30 million, a PE ratio of -101.80 and a beta of 0.89. Gogo Inc. has a 12-month low of $5.08 and a 12-month high of $16.82. The firm's fifty day moving average is $7.89 and its 200 day moving average is $10.90. The company has a quick ratio of 1.40, a current ratio of 1.74 and a debt-to-equity ratio of 7.79. </p><ul><li>Gogo Stock is Ready to Take Off Higher</li></ul><p>Gogo (NASDAQ:GOGO - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.12). Gogo had a negative net margin of 0.65% and a positive return on equity of 71.74%. The company had revenue of $223.59 million during the quarter, compared to the consensus estimate of $222.23 million. During the same period last year, the firm posted $0.08 earnings per share. The company's revenue for the quarter was up 122.4% on a year-over-year basis.  As a group, sell-side analysts predict that  Gogo Inc. will post 0.41 EPS for the current fiscal year. </p><h2>About Gogo</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Gogo</li><li>How to Profit From Growth Investing </li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>A Deeper Look at Bid-Ask Spreads</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding GOGO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gogo Inc. (NASDAQ:GOGO - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09HTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09HTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Gogo Right Now?</h2><p>Before you consider Gogo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gogo wasn't on the list.</p><p>While Gogo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GOGO

<p>Gtcr LLC reduced its stake in Gogo Inc. by 26.8% in Q2, selling 8.5 million shares. Gogo's stock, which is 36.4% of Gtcr's portfolio, fell 9.9% to $5.09. Analysts have mixed ratings, with a consensus "Hold" and a price target of $14.83. Gogo reported a quarterly loss, missing earnings estimates, but revenue increased 122.4% year-over-year.</p>

Gogo Inc. $GOGO Shares Sold by Gtcr LLC