UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 1,714 Shares of Gogo Inc. (NASDAQ:GOGO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Gogo Inc. (NASDAQ:GOGO) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,356 shares of the technology company’s stock after buying an additional 1,714 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Gogo worth $1,496,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GOGO. SG Americas Securities LLC bought a new stake in shares of Gogo in the second quarter worth $109,000. Bank of New York Mellon Corp grew its stake in shares of Gogo by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 675,845 shares of the technology company’s stock worth $6,502,000 after buying an additional 24,665 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gogo by 67.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,285 shares of the technology company’s stock valued at $166,000 after purchasing an additional 6,941 shares during the period. Los Angeles Capital Management LLC bought a new stake in Gogo in the second quarter worth $757,000. Finally, Texas Permanent School Fund Corp raised its position in Gogo by 7.2% in the 2nd quarter. Texas Permanent School Fund Corp now owns 57,452 shares of the technology company’s stock worth $553,000 after purchasing an additional 3,845 shares during the period. Hedge funds and other institutional investors own 69.60% of the company’s stock.

Analysts Set New Price Targets

GOGO has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. Roth Mkm reissued a “buy” rating and set a $15.50 target price on shares of Gogo in a research report on Tuesday, September 17th.

Gogo Trading Up 0.8 %

Shares of Gogo stock opened at $7.96 on Tuesday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.51 and a beta of 1.18. The company has a debt-to-equity ratio of 11.07, a quick ratio of 2.81 and a current ratio of 3.58. Gogo Inc. has a fifty-two week low of $6.17 and a fifty-two week high of $11.17. The stock has a 50 day moving average of $7.48 and a 200 day moving average of $8.13.

Gogo Profile

Gogo Inc, together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions.