Doug Silverman And Alexander Klabin’s Senator Investment Group Lp Opened Huge Gogo Inc Position

February 14, 2018 - By Dolores Ford

 Doug Silverman And Alexander Klabin's Senator Investment Group Lp Opened Huge Gogo Inc Position

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.36, from 1.31 in 2017Q2. It dropped, as 26 investors sold Gogo Inc. shares while 31 reduced holdings. 16 funds opened positions while 38 raised stakes. 56.73 million shares or 4.99% more from 54.03 million shares in 2017Q2 were reported.

Stelliam Invest Management L P stated it has 3.06% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Valinor Limited Partnership accumulated 1.52M shares. Oz Mngmt Lp stated it has 0% in Gogo Inc. (NASDAQ:GOGO). United Financial Advisers Ltd Com reported 36,784 shares. Renaissance Tech Limited Company holds 0% in Gogo Inc. (NASDAQ:GOGO) or 254,500 shares. Swiss National Bank holds 93,800 shares or 0% of its portfolio. Gsa Ptnrs Ltd Liability Partnership invested in 50,888 shares or 0.04% of the stock. State Board Of Administration Of Florida Retirement Systems, Florida-based fund reported 59,788 shares. Fmr Lc stated it has 0.01% of its portfolio in Gogo Inc. (NASDAQ:GOGO). First Mercantile Tru invested in 14,666 shares. Invesco holds 0% or 95,214 shares in its portfolio. Moreover, Firsthand Management has 0.52% invested in Gogo Inc. (NASDAQ:GOGO). 80,300 were accumulated by Cornerstone Capital Ltd Llc. Credit Suisse Ag reported 0% in Gogo Inc. (NASDAQ:GOGO). First Allied Advisory reported 57,360 shares.

The New Doug Silverman And Alexander Klabin’s Senator Investment Group Lp Holding in Gogo Inc

Senator Investment Group Lp reported SC 13G/A form with the SEC for Gogo Inc. Access it here: 000090266418000985. As reported by Doug Silverman And Alexander Klabin’s Senator Investment Group Lp, the filler owns 5.72% or 4,962,953 shares of the Utilities & Telecommunications–company.

Gogo Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Doug Silverman And Alexander Klabin’s Senator Investment Group Lp’s positive view for Gogo Inc. For a hedge fund managing $11.90 billion in assets and having 28+ experts this is interesting position.

The hedge fund is investor in the Utilities & Telecommunications sector. In the manager’s last 13-F, we saw 11% of Doug Silverman And Alexander Klabin’s Senator Investment Group Lp’s portfolio is in the sector.

Gogo Inc Institutional Sentiment

Filings show 126 investors own Gogo Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 10559526. 67269747 were owned by these investors. 22 funds opened new Gogo Inc stakes, 43 increased positions. There were 20 that closed positions and 41 reduced them.

Travelers Companies Inc is an investor bullish on Gogo Inc, owning 118045 shares as of Q3 2015 for 0.60% of its portfolio. Josh Resnick Jericho Capital Asset Management Lp owns 2938454 shares or 2.80% of its portfolio. CA Regis Management Co Llc have 0.43% of its portfolio for 96105 shares. Further, Elk Creek Partners Llc reported stake worth 2.49% of its portfolio. The TX Hodges Capital Management Inc owns 1719475 shares. Gogo Inc is 1.08% of its portfolio.

Business 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). The CA-NA segment offers air-to-ground (ATG) and satellite connectivity and entertainment services to commercial aircraft flying routes generally within North America. The CA-ROW segment offers satellite connectivity and entertainment services, using 2Ku and Ku solutions, to commercial aircraft flying routes outside of North America. The Company’s BA segment offers a suite of integrated equipment, network and Internet connectivity products and services to the business aviation market. As of December 31, 2016, it provided services on 2,943 commercial aircraft. The Company offers a package of airborne equipment for its ATG-4/ATG and satellite services.

SEC Form 13G.

Doug Silverman And Alexander Klabin’s Senator Investment Group Lp website.

Analysts await Gogo Inc. (NASDAQ:GOGO) to report earnings on February, 26. They expect $-0.47 earnings per share, down 38.24 % or $0.13 from last year’s $-0.34 per share. After $-0.57 actual earnings per share reported by Gogo Inc. for the previous quarter, Wall Street now forecasts -17.54 % EPS growth.

The stock decreased 0.46% or $0.04 during the last trading session, reaching $8.69. About 569,587 shares traded. Gogo Inc. (NASDAQ:GOGO) has risen 33.47% since February 14, 2017 and is uptrending. It has outperformed by 16.77% the S&P500.

Gogo Inc., through its subsidiaries, provides in-flight connectivity and wireless in-cabin digital entertainment solutions to the aviation industry in the United States and internationally. The company has market cap of $754.06 million. The firm operates through three divisions: Commercial Aviation North America , Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). It currently has negative earnings. The CA-NA segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America.

Gogo Inc. (NASDAQ:GOGO) Ratings Coverage

Among 6 analysts covering Gogo (NASDAQ:GOGO), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Gogo has $26 highest and $6.75 lowest target. $12.19’s average target is 40.28% above currents $8.69 stock price. Gogo had 11 analyst reports since October 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Standpoint Research given on Thursday, June 23. The company was maintained on Wednesday, October 18 by Northland Capital. The firm has “Buy” rating given on Monday, January 25 by Dougherty & Company. The company was downgraded on Thursday, August 18 by Standpoint Research. The rating was maintained by Dougherty & Company on Wednesday, October 7 with “Buy”. Macquarie Research maintained the shares of GOGO in report on Tuesday, February 23 with “Neutral” rating. On Wednesday, January 25 the stock rating was initiated by Guggenheim with “Buy”. As per Wednesday, August 31, the company rating was upgraded by Standpoint Research. Standpoint Research downgraded the stock to “Hold” rating in Friday, August 4 report. The rating was maintained by Dougherty & Company with “Buy” on Wednesday, June 15.

Another recent and important Gogo Inc. (NASDAQ:GOGO) news was published by Prnewswire.com which published an article titled: “Gogo Inc. to Report Fourth Quarter and Full-Year 2017 Financial Results on …” on January 30, 2018.

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