Gol Linhas Aéreas Inteligentes (NYSE:GOL) Trading Down 5.5%

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating)’s share price was down 5.5% on Tuesday . The stock traded as low as $3.11 and last traded at $3.12. Approximately 100,767 shares were traded during trading, a decline of 94% from the average daily volume of 1,786,865 shares. The stock had previously closed at $3.30.

Analysts Set New Price Targets

Several analysts have weighed in on GOL shares. The Goldman Sachs Group lifted their price objective on Gol Linhas Aéreas Inteligentes from $4.95 to $5.75 and gave the company a “buy” rating in a research report on Monday, August 22nd. StockNews.com started coverage on Gol Linhas Aéreas Inteligentes in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Gol Linhas Aéreas Inteligentes Price Performance

The business has a 50-day moving average price of $3.56 and a 200 day moving average price of $4.00.

Institutional Trading of Gol Linhas Aéreas Inteligentes

A number of hedge funds have recently made changes to their positions in GOL. Quantbot Technologies LP boosted its position in shares of Gol Linhas Aéreas Inteligentes by 442.3% in the 3rd quarter. Quantbot Technologies LP now owns 7,700 shares of the transportation company’s stock worth $25,000 after purchasing an additional 6,280 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Gol Linhas Aéreas Inteligentes in the 2nd quarter worth approximately $40,000. MBE Wealth Management LLC bought a new stake in shares of Gol Linhas Aéreas Inteligentes in the 3rd quarter worth approximately $57,000. WINTON GROUP Ltd purchased a new position in Gol Linhas Aéreas Inteligentes in the 3rd quarter worth approximately $74,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Gol Linhas Aéreas Inteligentes in the 2nd quarter worth approximately $78,000. 1.13% of the stock is owned by institutional investors.

Gol Linhas Aéreas Inteligentes Company Profile

(Get Rating)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

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