Charles Schwab Investment Management Inc. Boosts Stock Holdings in Gogo Inc. (NASDAQ:GOGO)

Charles Schwab Investment Management Inc. lifted its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 557,732 shares of the technology company’s stock after acquiring an additional 3,181 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gogo were worth $4,005,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GOGO. nVerses Capital LLC purchased a new stake in shares of Gogo during the third quarter worth $34,000. Brighton Jones LLC acquired a new position in shares of Gogo during the third quarter worth $72,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gogo during the second quarter worth $107,000. AQR Capital Management LLC acquired a new position in shares of Gogo during the second quarter worth $108,000. Finally, SG Americas Securities LLC acquired a new position in shares of Gogo during the second quarter worth $109,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Gogo Stock Performance

NASDAQ GOGO opened at $7.90 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07. Gogo Inc. has a 52-week low of $6.17 and a 52-week high of $11.17. The business’s 50-day moving average price is $7.48 and its 200 day moving average price is $8.16. The firm has a market cap of $993.66 million, a P/E ratio of 18.37 and a beta of 1.18.

Wall Street Analysts Forecast Growth

GOGO has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $15.50 price objective on shares of Gogo in a report on Tuesday, September 17th. Morgan Stanley dropped their price objective on Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd.

Gogo 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.