Cerity Partners LLC Takes $40,000 Position in Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL)

Cerity Partners LLC purchased a new stake in Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,684 shares of the transportation company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GOL. Pinnacle Associates Ltd. raised its stake in Gol Linhas Aéreas Inteligentes by 45.0% in the first quarter. Pinnacle Associates Ltd. now owns 89,642 shares of the transportation company’s stock valued at $645,000 after buying an additional 27,830 shares in the last quarter. U S Global Investors Inc. raised its stake in Gol Linhas Aéreas Inteligentes by 2.0% in the first quarter. U S Global Investors Inc. now owns 2,661,809 shares of the transportation company’s stock valued at $19,165,000 after buying an additional 51,334 shares in the last quarter. Stelac Advisory Services LLC raised its stake in Gol Linhas Aéreas Inteligentes by 61.5% in the first quarter. Stelac Advisory Services LLC now owns 41,920 shares of the transportation company’s stock valued at $302,000 after buying an additional 15,960 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Gol Linhas Aéreas Inteligentes in the first quarter valued at $133,000. Finally, American Century Companies Inc. acquired a new stake in Gol Linhas Aéreas Inteligentes in the first quarter valued at $87,000. 1.13% of the stock is currently owned by institutional investors and hedge funds.

Gol Linhas Aéreas Inteligentes Stock Performance

GOL opened at $3.10 on Thursday. The business’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $4.00. Gol Linhas Aéreas Inteligentes S.A. has a one year low of $2.74 and a one year high of $7.94. The stock has a market capitalization of $648.91 million, a P/E ratio of -0.78 and a beta of 1.07.

Analysts Set New Price Targets

GOL has been the topic of a number of analyst reports. StockNews.com started coverage on Gol Linhas Aéreas Inteligentes in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group lifted their target price on Gol Linhas Aéreas Inteligentes from $4.95 to $5.75 and gave the stock a “buy” rating in a research report on Monday, August 22nd.

About Gol Linhas Aéreas Inteligentes

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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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Institutional Ownership by Quarter for Gol Linhas Aéreas Inteligentes (NYSE:GOL)

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