Swiss National Bank Has $2.07 Million Stake in Gogo Inc. (NASDAQ:GOGO)

Swiss National Bank raised its position in Gogo Inc. (NASDAQ:GOGO – Get Rating) by 17.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 139,900 shares of the technology company’s stock after purchasing an additional 20,400 shares during the period. Swiss National Bank owned 0.11% of Gogo worth $2,065,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOGO. New York State Common Retirement Fund lifted its position in shares of Gogo by 16.3% during the 3rd quarter. New York State Common Retirement Fund now owns 469,276 shares of the technology company’s stock valued at $5,688,000 after acquiring an additional 65,609 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Gogo during the 3rd quarter valued at $196,000. Arizona State Retirement System lifted its position in shares of Gogo by 19.3% during the 4th quarter. Arizona State Retirement System now owns 16,340 shares of the technology company’s stock valued at $241,000 after acquiring an additional 2,644 shares during the period. Tealwood Asset Management Inc. lifted its position in shares of Gogo by 46.7% during the 3rd quarter. Tealwood Asset Management Inc. now owns 144,713 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 46,063 shares during the period. Finally, Capco Asset Management LLC lifted its position in shares of Gogo by 0.5% during the 3rd quarter. Capco Asset Management LLC now owns 1,293,652 shares of the technology company’s stock valued at $15,679,000 after acquiring an additional 6,823 shares during the period. Institutional investors and hedge funds own 64.41% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Gogo in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Gogo Trading Up 1.2 %

Gogo stock opened at $14.55 on Friday. Gogo Inc. has a 1-year low of $11.57 and a 1-year high of $21.78. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 21.40 and a beta of 1.28. The firm’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $15.00.

Gogo (NASDAQ:GOGO – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Gogo had a net margin of 22.03% and a negative return on equity of 77.87%. The firm had revenue of $98.60 million for the quarter, compared to analyst estimates of $101.26 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Gogo Inc. will post 0.59 EPS for the current year.

About Gogo

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Gogo, Inc engages in the provision of broadband connectivity services for the business aviation market. The company was founded by Jimmy Ray in 1991 and is headquartered in Broomfield, CO.