Fox Run Management L.L.C. Buys New Stake in Gogo Inc. (GOGO)

Fox Run Management L.L.C. acquired a new stake in Gogo Inc. (NASDAQ:GOGO) during the second quarter, according to its most recent filing with the SEC. The firm acquired 15,600 shares of the technology company’s stock, valued at approximately $180,000.

Several other hedge funds have also recently bought and sold shares of GOGO. Searle & CO. purchased a new stake in Gogo during the fourth quarter valued at about $101,000. Guggenheim Capital LLC raised its stake in Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock valued at $107,000 after buying an additional 73 shares during the last quarter. Arxis Securities LLC bought a new position in Gogo during the first quarter valued at $112,000. Principal Financial Group Inc. bought a new position in Gogo during the first quarter valued at $114,000. Finally, Parkwood LLC raised its position in Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock valued at $122,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.

Shares of Gogo Inc. (GOGO) opened at 12.56 on Friday. Gogo Inc. has a one year low of $8.56 and a one year high of $13.69. The stock’s market capitalization is $1.09 billion. The stock has a 50 day moving average of $12.00 and a 200-day moving average of $11.50.

Gogo (NASDAQ:GOGO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.07. The company had revenue of $172.80 million during the quarter, compared to the consensus estimate of $167.63 million. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) EPS. Equities analysts forecast that Gogo Inc. will post ($2.02) earnings per share for the current year.

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Several equities analysts recently weighed in on GOGO shares. Dougherty & Co increased their price target on shares of Gogo from $17.50 to $19.00 and gave the company a “buy” rating in a research report on Sunday, May 7th. UBS AG restated a “buy” rating and set a $15.00 price target (up previously from $14.00) on shares of Gogo in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Gogo from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, May 3rd. BidaskClub upgraded shares of Gogo from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Standpoint Research lowered shares of Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.50.

Gogo Company Profile

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).

Institutional Ownership by Quarter for Gogo (NASDAQ:GOGO)

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