Boulder Hill Capital Management LP Invests $145,000 in Gogo Inc. (NASDAQ:GOGO)

Boulder Hill Capital Management LP acquired a new position in Gogo Inc. (NASDAQ:GOGO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the technology company’s stock, valued at approximately $145,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in Gogo by 41.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,178 shares of the technology company’s stock valued at $44,000 after purchasing an additional 633 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Gogo by 432.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the technology company’s stock valued at $39,000 after acquiring an additional 2,119 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Gogo by 76.6% during the 3rd quarter. Royal Bank of Canada now owns 3,069 shares of the technology company’s stock valued at $37,000 after purchasing an additional 1,331 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Gogo in the 4th quarter worth approximately $57,000. Finally, UBS Group AG raised its holdings in shares of Gogo by 41.7% in the 3rd quarter. UBS Group AG now owns 4,033 shares of the technology company’s stock worth $49,000 after purchasing an additional 1,186 shares in the last quarter. Institutional investors own 66.88% of the company’s stock.

Gogo Stock Down 2.8 %

Shares of GOGO traded down $0.33 during midday trading on Tuesday, reaching $11.41. 365,237 shares of the stock were exchanged, compared to its average volume of 583,371. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 9.95 and a beta of 1.36. The company has a quick ratio of 3.15, a current ratio of 4.11 and a debt-to-equity ratio of 64.05. Gogo Inc. has a 12-month low of $11.01 and a 12-month high of $17.94. The firm has a 50 day simple moving average of $14.75 and a 200-day simple moving average of $14.80.

Gogo (NASDAQ:GOGO) last issued its quarterly earnings data on Monday, August 7th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The firm had revenue of $103.22 million for the quarter, compared to analyst estimates of $103.25 million. Gogo had a net margin of 38.08% and a negative return on equity of 124.37%. Research analysts forecast that Gogo Inc. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

GOGO has been the topic of several recent research reports. TheStreet lowered shares of Gogo from a “b-” rating to a “c+” rating in a research report on Thursday, August 24th. Northland Securities dropped their target price on shares of Gogo from $16.00 to $14.00 in a research report on Tuesday, August 8th. Roth Mkm decreased their price objective on shares of Gogo from $22.50 to $19.50 and set a “buy” rating for the company in a research note on Tuesday, August 8th. TD Cowen reduced their target price on Gogo from $26.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 14th. Finally, StockNews.com started coverage on Gogo in a report on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.63.

Gogo Company Profile

Gogo Inc, through its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company operates through Commercial Aviation-North America, Commercial Aviation-Rest of World, and Business Aviation segments. Its platform include networks, antennas, and airborne equipment and software.