Gogo Inc. $GOGO Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 199.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,820 shares of the technology company’s stock after buying an additional 324,237 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gogo were worth $1,957,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GOGO. Caitong International Asset Management Co. Ltd bought a new stake in Gogo in the fourth quarter valued at $27,000. PNC Financial Services Group Inc. grew its position in shares of Gogo by 310.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,318 shares of the technology company’s stock worth $29,000 after acquiring an additional 5,536 shares during the last quarter. State of Wyoming acquired a new stake in shares of Gogo in the 1st quarter worth about $34,000. Farther Finance Advisors LLC increased its holdings in shares of Gogo by 91,500.0% in the 4th quarter. Farther Finance Advisors LLC now owns 10,076 shares of the technology company’s stock worth $47,000 after acquiring an additional 10,065 shares during the period. Finally, Stifel Financial Corp bought a new stake in Gogo in the 4th quarter valued at about $52,000. 69.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Gogo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Morgan Stanley cut their price target on Gogo from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Finally, Roth Capital set a $12.00 price objective on Gogo in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $9.50.

Gogo Stock Up 1.0%

Gogo stock opened at $4.18 on Friday. Gogo Inc. has a 52 week low of $3.02 and a 52 week high of $16.63. The stock has a market cap of $565.30 million, a price-to-earnings ratio of 38.00 and a beta of 1.16. The company’s 50-day moving average price is $3.72 and its two-hundred day moving average price is $4.18. The company has a current ratio of 1.66, a quick ratio of 1.27 and a debt-to-equity ratio of 6.89.

Gogo Profile

Gogo Inc is a leading provider of in-flight connectivity and entertainment solutions for commercial and business aviation. The company specializes in delivering broadband internet, voice and text services, and streaming entertainment to passengers at 35,000 feet. Gogo’s offerings include both air-to-ground (ATG) networks and satellite-based connectivity, enabling reliable in-flight internet access across a range of aircraft types.

Gogo’s ATG network spans the United States and portions of Canada, using ground towers to transmit data signals directly to equipped aircraft.