Gogo Inc (GOGO) : Tenor Capital Management added new position in Gogo Inc during the most recent quarter end. The investment management firm now holds 184,900 shares of Gogo Inc which is valued at $1.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Gogo Inc makes up approximately 70.52% of Tenor Capital Management’s portfolio.
Other Hedge Funds, Including , Assetmark Inc sold out all of its stake in GOGO during the most recent quarter. The investment firm sold 36 shares of GOGO which is valued $350. Trexquant Investment Lp added GOGO to its portfolio by purchasing 42,771 company shares during the most recent quarter which is valued at $416,162. Gogo Inc makes up approx 0.05% of Trexquant Investment Lp’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in GOGO by selling 271 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 1,277,158 shares of GOGO which is valued at $12.4 Million. Columbus Circle Investors sold out all of its stake in GOGO during the most recent quarter. The investment firm sold 980,848 shares of GOGO which is valued $9.8 Million.
Gogo Inc opened for trading at $9.61 and hit $9.71 on the upside on Wednesday, eventually ending the session at $9.635, with a gain of 0.36% or 0.035 points. The heightened volatility saw the trading volume jump to 9,14,051 shares. Company has a market cap of $828 M.
On the company’s financial health, Gogo Inc reported $-0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 6, 2016. Analyst had a consensus of $-0.40. The company had revenue of $141.70 million for the quarter, compared to analysts expectations of $137.36 million. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.
Many Wall Street Analysts have commented on Gogo Inc. Company shares were Reiterated by Dougherty & Company on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .
Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA) Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions which include ATG/ATG-4 Ku/2Ku Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services which include passenger connectivity passenger entertainment and portal content; airline/owner/operator services which include account support network monitoring and management services passenger support services and portal design development and hosting and operations-oriented communications services which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.