Vanguard Group Inc. Has $53.08 Million Holdings in Gogo Inc. (GOGO)
Vanguard Group Inc. lifted its position in Gogo Inc. (NASDAQ:GOGO) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,603,405 shares of the technology company’s stock after buying an additional 114,567 shares during the quarter. Vanguard Group Inc. owned about 5.33% of Gogo worth $53,077,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of GOGO. Principal Financial Group Inc. bought a new position in Gogo during the first quarter worth $114,000. Parkwood LLC increased its holdings in Gogo by 16.2% in the 2nd quarter. Parkwood LLC now owns 12,888 shares of the technology company’s stock valued at $149,000 after buying an additional 1,799 shares during the period. Legal & General Group Plc increased its holdings in Gogo by 12.3% in the 1st quarter. Legal & General Group Plc now owns 14,770 shares of the technology company’s stock valued at $163,000 after buying an additional 1,612 shares during the period. Fox Run Management L.L.C. bought a new stake in Gogo in the 2nd quarter valued at $180,000. Finally, Laurion Capital Management LP bought a new stake in shares of Gogo in the 2nd quarter worth about $223,000. Institutional investors and hedge funds own 66.60% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dailypolitical.com/2017/11/04/vanguard-group-inc-has-53-08-million-holdings-in-gogo-inc-gogo.html.
Several research analysts recently issued reports on GOGO shares. BidaskClub downgraded shares of Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Gogo from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Standpoint Research downgraded shares of Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, ValuEngine cut Gogo from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.35.
Gogo Inc. (GOGO) opened at $8.75 on Friday. The company has a debt-to-equity ratio of -7.56, a quick ratio of 1.82 and a current ratio of 2.01.
Gogo (NASDAQ:GOGO) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.57) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.06). The business had revenue of $172.87 million for the quarter, compared to analysts’ expectations of $172.92 million. The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.42) EPS. equities research analysts predict that Gogo Inc. will post -2.04 EPS for the current fiscal year.
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).
Want to see what other hedge funds are holding GOGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gogo Inc. (NASDAQ:GOGO).
Receive News & Ratings for Gogo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.