Gogo Inc. (GOGO) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of Gogo Inc. (NASDAQ:GOGO) by 9.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,000 shares of the technology company’s stock after purchasing an additional 5,800 shares during the quarter. Alliancebernstein L.P. owned 0.08% of Gogo worth $773,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Gogo by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 4,488,838 shares of the technology company’s stock worth $49,378,000 after purchasing an additional 91,297 shares in the last quarter. Harbour Capital Advisors LLC increased its position in Gogo by 667.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,296,811 shares of the technology company’s stock worth $199,203,000 after purchasing an additional 1,997,608 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Gogo by 3.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,032,600 shares of the technology company’s stock worth $11,906,000 after purchasing an additional 29,900 shares in the last quarter. Geode Capital Management LLC increased its position in Gogo by 4.0% during the 1st quarter. Geode Capital Management LLC now owns 478,126 shares of the technology company’s stock worth $5,259,000 after purchasing an additional 18,374 shares in the last quarter. Finally, Morgan Stanley increased its position in Gogo by 15.2% during the 1st quarter. Morgan Stanley now owns 349,201 shares of the technology company’s stock worth $3,841,000 after purchasing an additional 46,147 shares in the last quarter. 66.60% of the stock is owned by hedge funds and other institutional investors.

Shares of Gogo Inc. (NASDAQ GOGO) opened at 9.94 on Wednesday. The firm has a 50-day moving average of $11.80 and a 200 day moving average of $12.30. Gogo Inc. has a 12 month low of $8.56 and a 12 month high of $14.76. The firm’s market cap is $861.94 million.

Gogo (NASDAQ:GOGO) last posted its earnings results on Monday, August 7th. The technology company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.07). The company had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $167.63 million. During the same period in the prior year, the business posted ($0.31) EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that Gogo Inc. will post ($2.04) EPS for the current fiscal year.

A number of analysts recently issued reports on GOGO shares. Zacks Investment Research raised shares of Gogo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of Gogo from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Standpoint Research downgraded shares of Gogo from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Gogo in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.35.

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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).

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Institutional Ownership by Quarter for Gogo (NASDAQ:GOGO)

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