Dynamic Technology Lab Private Ltd Grows Position in Gogo Inc. (NASDAQ:GOGO)

Dynamic Technology Lab Private Ltd boosted its stake in Gogo Inc. (NASDAQ:GOGO - Free Report) by 612.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,114 shares of the technology company's stock after purchasing an additional 217,570 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.20% of Gogo worth $1,817,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Gogo in the 3rd quarter worth approximately $34,000. Brighton Jones LLC bought a new position in Gogo in the third quarter worth approximately $72,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gogo during the 2nd quarter worth $107,000. AQR Capital Management LLC bought a new stake in shares of Gogo during the 2nd quarter valued at $108,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Gogo in the 2nd quarter worth $109,000. Institutional investors own 69.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GOGO shares. Roth Mkm reiterated a "buy" rating and set a $15.50 target price on shares of Gogo in a research report on Tuesday, September 17th. Morgan Stanley cut their price objective on Gogo from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Gogo from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th.

Gogo Price Performance

GOGO stock traded down $0.24 during trading on Tuesday, reaching $8.17. The company's stock had a trading volume of 573,358 shares, compared to its average volume of 1,007,477. The company's fifty day moving average is $7.19 and its 200-day moving average is $8.40. Gogo Inc. has a 1 year low of $6.17 and a 1 year high of $11.17. The company has a market capitalization of $1.03 billion, a P/E ratio of 19.56 and a beta of 1.10. The company has a quick ratio of 2.81, a current ratio of 3.58 and a debt-to-equity ratio of 11.07.

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.