SG Americas Securities LLC Boosts Stock Holdings in Gogo Inc. (NASDAQ:GOGO)

SG Americas Securities LLC grew its position in shares of Gogo Inc. (NASDAQ:GOGO) by 149.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,177 shares of the technology company’s stock after buying an additional 16,898 shares during the quarter. SG Americas Securities LLC’s holdings in Gogo were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its holdings in Gogo by 12.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,320 shares of the technology company’s stock worth $187,000 after purchasing an additional 2,390 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Gogo by 7.2% in the second quarter. Texas Permanent School Fund Corp now owns 57,452 shares of the technology company’s stock worth $553,000 after purchasing an additional 3,845 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Gogo by 11.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 54,770 shares of the technology company’s stock worth $481,000 after purchasing an additional 5,688 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Gogo by 4.6% in the second quarter. Public Sector Pension Investment Board now owns 134,206 shares of the technology company’s stock worth $1,291,000 after purchasing an additional 5,869 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Gogo by 29.0% in the second quarter. Point72 Asset Management L.P. now owns 30,700 shares of the technology company’s stock worth $295,000 after purchasing an additional 6,900 shares during the last quarter. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Wall Street Analysts Forecast Growth

GOGO has been the topic of several research reports. Roth Mkm restated a “buy” rating and issued a $15.50 target price on shares of Gogo in a report on Tuesday, September 17th. JPMorgan Chase & Co. dropped their target price on shares of Gogo from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley dropped their target price on shares of Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd.

Gogo Trading Up 1.8 %

Shares of Gogo stock opened at $6.92 on Wednesday. The company’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $8.61. The stock has a market capitalization of $879.57 million, a PE ratio of 5.91 and a beta of 1.09. Gogo Inc. has a 1-year low of $6.17 and a 1-year high of $11.40. The company has a debt-to-equity ratio of 11.25, a current ratio of 3.95 and a quick ratio of 3.16.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $99.02 million. Gogo had a return on equity of 145.01% and a net margin of 16.59%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. As a group, equities analysts anticipate that Gogo Inc. will post 0.35 earnings per share for the current year.

Gogo Company Profile

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.