Gogo Inc. (NASDAQ:GOGO) went up to recover about 24.42% since recording its record low price of $8.56. The stock experienced 9.34% jump, arriving at $10.65 on 11/16/2017. During the day, the stock price traveled from $9.88 to $10.93. This company shares are 11.83% off its target price of $11.91 and the current market capitalization stands at $924.1M. The recent change has given its price a -6.86% deficit over SMA 50 and -27.85% deficit over its 52-week high. The stock witnessed -1.66% declines, -16.08% declines and -16.01% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GOGO’s volatility during a week at 4.58% and during a month it has been found around 5.26%.

Gogo Inc. (GOGO) Top Holders

Institutional investors currently hold around $593 million or 70.4% in GOGO stock. Look at its top three institutional owners. Stelliam Investment Management, Lp owns $82.69 million in Gogo Inc., which represents roughly 8.95% of the company’s market cap and approximately 13.94% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 8,053,078 shares of the stock are valued at $78.44 million. The third largest holder is Vanguard Group Inc, which currently holds $45.51 million worth of this stock and that ownership represents nearly 4.92% of its market capitalization.

Gogo Inc. 13F Filings

At the end of 09/30/2017 reporting period, 63 institutional holders increased their position in Gogo Inc. (NASDAQ:GOGO) by some 7,077,811 shares, 63 decreased positions by 3,838,297 and 23 held positions by 49,983,372. That puts total institutional holdings at 60,899,480 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 4,452,848 shares while 23 institutional investors sold out their entire positions totaling 1,068,286 shares.

Gogo Inc. (NASDAQ:GOGO) Insider Trades

Multiple company employees have indulged in significant insider trading. Gogo Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Small Michael has acquired 100,000 shares of Gogo Inc. (GOGO) in trading session dated Nov. 06, 2017. These shares are worth $879,000 and were traded at $8.79 each. The SEC filing shows that Small Michael performed a purchase of 50,000 shares. The President and CEO added these shares by way of transaction on Nov. 11, 2016. The company’s shares were assimilated at $8.94 per share worth to an investment of some $447,000 on account of Small Michael.

Director, Mundheim Robert H, purchased 15,000 common shares of Gogo Inc. (GOGO) in the open market. In a transaction dated Nov. 08, 2016, the shares were bought at an average price of $9.42, giving away a sum of $141,300. After this purchase, 105,744 common shares of GOGO are directly owned by the insider, with total stake valued at $1,126,174.

In the transaction dated Nov. 07, 2016, the great number of shares acquired came courtesy the Director; Townsend Charles C added a total of 300,000 shares at an average price of $9.69, amounting to approximately $2,907,000. The insider now directly owns 654,267 shares worth $6,967,944.

Gogo Inc. (GOGO) Analyst Guide

Several analysts have released their opinion on Gogo Inc. (NASDAQ:GOGO), with 4 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.

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