Quest Partners LLC Invests $158,000 in Gogo Inc. (NASDAQ:GOGO)

Quest Partners LLC acquired a new position in shares of Gogo Inc. (NASDAQ:GOGO) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 21,948 shares of the technology company’s stock, valued at approximately $158,000.

Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of Gogo by 12.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,320 shares of the technology company’s stock valued at $187,000 after acquiring an additional 2,390 shares in the last quarter. Vanguard Group Inc. grew its position in Gogo by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,748,287 shares of the technology company’s stock valued at $50,470,000 after buying an additional 44,340 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Gogo by 11.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 54,770 shares of the technology company’s stock worth $481,000 after purchasing an additional 5,688 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Gogo by 26.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 55,236 shares of the technology company’s stock valued at $485,000 after buying an additional 11,505 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Gogo during the 2nd quarter worth $109,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Gogo Trading Down 0.4 %

Shares of Gogo stock opened at $8.14 on Friday. The company’s 50-day moving average price is $7.27 and its 200-day moving average price is $8.38. The company has a current ratio of 3.58, a quick ratio of 2.81 and a debt-to-equity ratio of 11.07. Gogo Inc. has a 12-month low of $6.17 and a 12-month high of $11.17. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 18.93 and a beta of 1.10.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOGO. Roth Mkm reiterated a “buy” rating and issued a $15.50 target price on shares of Gogo in a research note on Tuesday, September 17th. Morgan Stanley lowered their target price on shares of Gogo from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Gogo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.

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.