纽根资产管理有限公司购买50,000 Gogo Inc.(纳斯达克：GOGO)的股份

NewGen Asset Management Ltd purchased a new stake in shares of Gogo Inc. (NASDAQ:GOGO – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the technology company's stock, valued at approximately $953,000.

Several other institutional investors and hedge funds have also bought and sold shares of GOGO. New York State Teachers Retirement System bought a new position in Gogo in the fourth quarter worth $51,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gogo by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,770 shares of the technology company's stock worth $92,000 after purchasing an additional 2,010 shares during the period. Ensign Peak Advisors Inc acquired a new stake in Gogo in the fourth quarter worth about $159,000. Handelsbanken Fonder AB acquired a new stake in Gogo in the fourth quarter worth about $162,000. Finally, ProShare Advisors LLC bought a new position in Gogo during the fourth quarter worth about $175,000. 71.42% of the stock is owned by institutional investors.

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A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Gogo from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, March 7th. TheStreet upgraded Gogo from a "d" rating to a "c" rating in a report on Tuesday, May 17th. Finally, StockNews.com assumed coverage on Gogo in a report on Thursday, March 31st. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $19.00.

In other Gogo news, EVP Marguerite M. Elias sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $18.79, for a total value of $563,700.00. Following the sale, the executive vice president now owns 54,791 shares in the company, valued at approximately $1,029,522.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jessica Betjemann sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $19.81, for a total value of $158,480.00. Following the completion of the sale, the chief accounting officer now owns 25,528 shares in the company, valued at approximately $505,709.68. The disclosure for this sale can be found here. Insiders own 32.55% of the company's stock.

NASDAQ:GOGO opened at $15.67 on Tuesday. Gogo Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $23.69. The stock has a market capitalization of $1.76 billion, a PE ratio of 12.74 and a beta of 1.11. The business's 50-day simple moving average is $18.22 and its 200-day simple moving average is $16.62.

Gogo (NASDAQ:GOGO – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Gogo had a negative return on equity of 13.78% and a net margin of 51.50%. The business had revenue of $92.75 million for the quarter, compared to analysts' expectations of $89.52 million. During the same quarter in the previous year, the business posted ($0.07) EPS. Gogo's revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts anticipate that Gogo Inc. will post 0.64 earnings per share for the current year.

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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