Gogo (NASDAQ:GOGO – Get Rating) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.

Separately, Morgan Stanley raised Gogo from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Tuesday, November 1st.

Gogo Trading Up 0.8 %

NASDAQ:GOGO opened at $16.17 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.70 and a beta of 1.25. The stock has a 50-day moving average price of $15.25 and a two-hundred day moving average price of $14.91. Gogo has a 1 year low of $11.57 and a 1 year high of $23.69.

Hedge Funds Weigh In On Gogo

A number of hedge funds have recently added to or reduced their stakes in GOGO. Penn Capital Management Company LLC lifted its position in shares of Gogo by 19.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 569,764 shares of the technology company's stock worth $6,915,000 after buying an additional 94,691 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Gogo during the 3rd quarter valued at $258,000. Tealwood Asset Management Inc. raised its holdings in Gogo by 46.7% during the 3rd quarter. Tealwood Asset Management Inc. now owns 144,713 shares of the technology company's stock valued at $1,754,000 after acquiring an additional 46,063 shares during the period. Alpha Paradigm Partners LLC bought a new stake in Gogo during the 3rd quarter valued at $1,310,000. Finally, Algert Global LLC grew its position in shares of Gogo by 33.0% during the 3rd quarter. Algert Global LLC now owns 178,164 shares of the technology company's stock valued at $2,159,000 after purchasing an additional 44,240 shares in the last quarter. Institutional investors and hedge funds own 64.41% of the company's stock.

Gogo Company Profile

(Get Rating)

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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