1 week Ago By Defense World Staff
Prudential Financial Inc. trimmed its position in shares of Gogo Inc. ( NASDAQ:GOGO – Free Report ) by 5.
9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,085 shares of the technology company’s stock after selling 3,850 shares during the period. Prudential Financial Inc.
’s holdings in Gogo were worth $494,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of GOGO. Semanteon Capital Management LP acquired a new position in shares of Gogo during the fourth quarter worth $138,000.
Brighton Jones LLC increased its position in Gogo by 69.6% in the 4th quarter. Brighton Jones LLC now owns 17,000 shares of the technology company’s stock valued at $138,000 after acquiring an additional 6,978 shares during the period.
Virtu Financial LLC bought a new stake in shares of Gogo during the 3rd quarter worth about $169,000. KLP Kapitalforvaltning AS bought a new position in Gogo during the fourth quarter valued at about $184,000. Finally, Amundi boosted its holdings in Gogo by 142.
9% during the fourth quarter. Amundi now owns 26,387 shares of the technology company’s stock worth $200,000 after buying an additional 15,525 shares in the last quarter. Hedge funds and other institutional investors own 69.
60% of the company’s stock. Analyst Upgrades and Downgrades Several brokerages have issued reports on GOGO. Roth Mkm cut their target price on shares of Gogo from $15.
50 to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. StockNews.
com cut Gogo from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Insider Buying and Selling In other news, Director Oakleigh Thorne acquired 30,173 shares of Gogo stock in a transaction on Monday, March 17th. The shares were purchased at an average price of $6.
57 per share, with a total value of $198,236.61. Following the acquisition, the director now owns 711,341 shares in the company, valued at $4,673,510.
37. This represents a 4.43 % increase in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . 26.00% of the stock is owned by corporate insiders.
Gogo Trading Up 15.7 % Shares of GOGO stock opened at $7.66 on Thursday.
The company has a market capitalization of $1.01 billion, a P/E ratio of 17.81 and a beta of 0.
60. Gogo Inc. has a 12-month low of $6.
17 and a 12-month high of $11.00. The company has a quick ratio of 2.
81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07.
The firm has a 50-day moving average price of $7.70 and a 200 day moving average price of $7.62.
Gogo ( NASDAQ:GOGO – Get Free Report ) last announced its earnings results on Friday, March 14th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.
04 by $0.03. Gogo had a return on equity of 121.
96% and a net margin of 13.94%. The business had revenue of $137.
80 million for the quarter, compared to the consensus estimate of $97.80 million. During the same period in the previous year, the business earned $0.
11 EPS. Gogo’s revenue was up 40.9% compared to the same quarter last year.
Research analysts forecast that Gogo Inc. will post 0.41 earnings per share for the current fiscal year.
Gogo Profile ( Free Report ) Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.
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