First Midwest Bank Trust Division increased its position in shares of Gogo Inc. (NASDAQ:GOGO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,391 shares of the technology company’s stock after buying an additional 3,059 shares during the period. First Midwest Bank Trust Division owned approximately 0.18% of Gogo worth $1,746,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Searle & CO. bought a new stake in shares of Gogo during the fourth quarter worth approximately $101,000. Guggenheim Capital LLC boosted its stake in shares of Gogo by 0.6% in the fourth quarter. Guggenheim Capital LLC now owns 11,623 shares of the technology company’s stock worth $107,000 after buying an additional 73 shares during the period. Arxis Securities LLC bought a new stake in shares of Gogo during the first quarter worth approximately $112,000. Principal Financial Group Inc. bought a new stake in shares of Gogo during the first quarter worth approximately $114,000. Finally, Parkwood LLC boosted its stake in shares of Gogo by 3.4% in the first quarter. Parkwood LLC now owns 11,089 shares of the technology company’s stock worth $122,000 after buying an additional 363 shares during the period. 63.71% of the stock is owned by institutional investors.

Gogo Inc. (NASDAQ:GOGO) opened at 13.12 on Monday. The company has a 50 day moving average price of $11.81 and a 200 day moving average price of $11.34. Gogo Inc. has a 12 month low of $8.28 and a 12 month high of $13.69. The firm’s market capitalization is $1.13 billion.

Gogo (NASDAQ:GOGO) last issued its earnings results on Thursday, May 4th. The technology company reported ($0.52) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.52). The business had revenue of $165.41 million during the quarter, compared to the consensus estimate of $160.04 million. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. Analysts anticipate that Gogo Inc. will post ($1.94) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/07/first-midwest-bank-trust-division-acquires-3059-shares-of-gogo-inc-gogo-updated.html.

A number of analysts have recently commented on GOGO shares. Dougherty & Co upped their price target on Gogo from $17.50 to $19.00 and gave the company a “buy” rating in a research note on Sunday, May 7th. UBS AG reiterated a “buy” rating and issued a $15.00 price objective (up from $14.00) on shares of Gogo in a research report on Friday, May 5th. Zacks Investment Research upgraded Gogo from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, May 3rd. BidaskClub upgraded Gogo from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Standpoint Research lowered Gogo from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $15.50.

Gogo Company Profile

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).

Institutional Ownership by Quarter for Gogo (NASDAQ:GOGO)

Receive News & Stock Ratings for Gogo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gogo Inc. and related stocks with our FREE daily email newsletter.