Mutual of America Capital Management LLC bought a new stake in Gogo Inc. (NASDAQ:GOGO – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,475 shares of the technology company's stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GOGO. Great West Life Assurance Co. Can increased its stake in Gogo by 41.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,178 shares of the technology company's stock worth $44,000 after buying an additional 633 shares during the period. KBC Group NV purchased a new position in Gogo in the 2nd quarter worth about $97,000. Amalgamated Bank purchased a new position in Gogo in the 1st quarter worth about $139,000. Point72 Hong Kong Ltd increased its stake in Gogo by 369.7% in the 1st quarter. Point72 Hong Kong Ltd now owns 8,017 shares of the technology company's stock worth $153,000 after buying an additional 6,310 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Gogo in the 1st quarter worth about $194,000. Hedge funds and other institutional investors own 88.14% of the company's stock.

Wall Street Analyst Weigh In

GOGO has been the topic of several recent analyst reports. StockNews.com raised shares of Gogo from a "sell" rating to a "hold" rating in a research note on Friday, November 25th. Cowen increased their target price on shares of Gogo to $26.00 in a report on Monday, August 15th. Finally, Morgan Stanley upgraded shares of Gogo from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $14.00 to $15.00 in a report on Tuesday, November 1st.

Gogo Price Performance

Gogo 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.

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