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.
Get Gogo alerts: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
Shares of Gogo stock opened at $15.31 on Wednesday. Gogo Inc. has a 1 year low of $11.57 and a 1 year high of $23.69. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 7.29 and a beta of 1.25. The firm's 50-day moving average is $13.76 and its two-hundred day moving average is $15.61.Gogo 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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