Gogo (NASDAQ:GOGO) Trading 4.1% Higher

Shares of Gogo Inc. (NASDAQ:GOGOGet Rating) traded up 4.1% on Wednesday . The company traded as high as $15.83 and last traded at $15.83. 905 shares changed hands during trading, a decline of 100% from the average session volume of 676,767 shares. The stock had previously closed at $15.20.

Analyst Ratings Changes

GOGO has been the topic of a number of research reports. Cowen raised their target price on shares of Gogo to $26.00 in a research report on Monday, August 15th. Morgan Stanley upgraded Gogo from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $14.00 to $15.00 in a research report on Tuesday, November 1st. Finally, StockNews.com raised Gogo from a “sell” rating to a “hold” rating in a research note on Thursday, November 17th.

Gogo Trading Up 4.3 %

The stock has a fifty day moving average of $13.63 and a two-hundred day moving average of $15.69. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 7.55 and a beta of 1.25.

Hedge Funds Weigh In On Gogo

Several hedge funds and other institutional investors have recently modified their holdings of GOGO. Great West Life Assurance Co. Can boosted its stake in Gogo by 41.0% during the first quarter. Great West Life Assurance Co. Can now owns 2,178 shares of the technology company’s stock worth $44,000 after acquiring an additional 633 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Gogo by 233.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,868 shares of the technology company’s stock valued at $40,000 after purchasing an additional 2,008 shares during the period. Royal Bank of Canada increased its holdings in Gogo by 76.6% during the third quarter. Royal Bank of Canada now owns 3,069 shares of the technology company’s stock valued at $37,000 after buying an additional 1,331 shares during the last quarter. O Dell Group LLC purchased a new stake in Gogo during the first quarter valued at approximately $76,000. Finally, UBS Group AG increased its stake in shares of Gogo by 41.7% in the third quarter. UBS Group AG now owns 4,033 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,186 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Gogo Company Profile

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Gogo Inc, through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. The company design, build and operate air-to-ground networks, engineer and maintain in-flight systems of proprietary hardware and software, and deliver customizable connectivity and wireless entertainment services.

Further Reading

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