Hedge Funds Now Own 61.4% Of Gogo Inc. (GOGO)

Gogo Inc. (NASDAQ:GOGO) has made a 43.94% comeback from a 12-month low price of $2.64. It was seen 2.7% higher, changing the price to $3.8, when the closing bell rang on 01/11/2019. At recent session, the prices were hovering between $3.56 and $3.87. This company shares are 79.74% off its target price of $6.83 and the current market capitalization stands at $323.61M. The recent change has given its price a -14.42% deficit over SMA 50 and -64.93% deficit over its 52-week high. The stock witnessed -1.55% declines, -31.41% declines and -21.16% 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 14.02% and during a month it has been found around 10.79%.

Gogo Inc. (GOGO) Top Holders

Institutional investors currently hold around $225 million or 61.4% in GOGO stock. Look at its top three institutional owners. Stelliam Investment Management, Lp owns $31.77 million in Gogo Inc., which represents roughly 9.82% of the company’s market cap and approximately 14.12% of the institutional ownership. Similar statistics are true for the second largest owner, Senator Investment Group Lp, which owns 5,646,370 shares of the stock are valued at $21.46 million. The third largest holder is Vanguard Group Inc, which currently holds $19.93 million worth of this stock and that ownership represents nearly 6.16% of its market capitalization.

Gogo Inc. 13F Filings

At the end of September reporting period, 69 institutional holders increased their position in Gogo Inc. (NASDAQ:GOGO) by some 10,442,895 shares, 38 decreased positions by 10,257,508 and 23 held positions by 38,594,945. That puts total institutional holdings at 59,295,348 shares, according to SEC filings. The stock grabbed 21 new institutional investments totaling 3,413,634 shares while 15 institutional investors sold out their entire positions totaling 5,539,510 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 10% Owner Thorndale Farm, Inc. has acquired 146,915 shares of Gogo Inc. (GOGO) in trading session dated Jun. 01, 2018. These shares are worth $746,328 and were traded at $5.08 each. The SEC filing shows that Townsend Charles C performed a purchase of 140,733 shares. The Director added these shares by way of transaction on May. 29, 2018. The company’s shares were assimilated at $5.26 per share worth to an investment of some $740,256 on account of Townsend Charles C.

Director, Townsend Charles C, purchased 359,267 common shares of Gogo Inc. (GOGO) in the open market. In a transaction dated May. 25, 2018, the shares were bought at an average price of $4.98, giving away a sum of $1,789,150. After this purchase, 2,533,878 common shares of GOGO are directly owned by the insider, with total stake valued at $9,628,736.

In the transaction dated May. 14, 2018, the great number of shares acquired came courtesy the Director; Mundheim Robert H added a total of 10,000 shares at an average price of $5.5, amounting to approximately $55,000. The insider now directly owns 115,744 shares worth $439,827.

Gogo Inc. (GOGO) Analyst Guide

Several analysts have released their opinion on Gogo Inc. (NASDAQ:GOGO), with 0 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 0 strong sell ratings, collectively assigning a 3.33 average brokerage recommendation.