Verition Fund Management LLC Invests $242,000 in Gol Linhas Aereas Inteligentes SA (NYSE:GOL)

Verition Fund Management LLC bought a new position in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,320 shares of the transportation company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently modified their holdings of GOL. Ladenburg Thalmann Financial Services Inc. lifted its position in Gol Linhas Aereas Inteligentes by 12.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,405 shares of the transportation company’s stock valued at $91,000 after acquiring an additional 610 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Gol Linhas Aereas Inteligentes during the second quarter worth $879,000. Jane Street Group LLC increased its position in shares of Gol Linhas Aereas Inteligentes by 25.1% during the second quarter. Jane Street Group LLC now owns 39,087 shares of the transportation company’s stock worth $663,000 after purchasing an additional 7,843 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Gol Linhas Aereas Inteligentes by 92.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 102,097 shares of the transportation company’s stock valued at $1,723,000 after acquiring an additional 48,973 shares during the period. Finally, Capital International Sarl increased its position in shares of Gol Linhas Aereas Inteligentes by 34.3% in the 2nd quarter. Capital International Sarl now owns 172,700 shares of the transportation company’s stock valued at $2,915,000 after acquiring an additional 44,100 shares during the period. 2.48% of the stock is currently owned by hedge funds and other institutional investors.

GOL has been the topic of several research reports. Buckingham Research downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating and cut their target price for the company from $27.00 to $19.00 in a research report on Tuesday, August 13th. Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $14.50 to $18.00 in a research note on Monday, June 10th. ValuEngine lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Goldman Sachs Group lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating and set a $16.80 price target on the stock. in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.56.

Shares of GOL opened at $16.37 on Friday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -116.93 and a beta of -0.12. The company’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $15.72. Gol Linhas Aereas Inteligentes SA has a 1 year low of $6.18 and a 1 year high of $23.30.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.11. Gol Linhas Aereas Inteligentes had a negative net margin of 0.93% and a negative return on equity of 3.26%. The company had revenue of $801.10 million for the quarter, compared to the consensus estimate of $702.37 million. As a group, equities research analysts expect that Gol Linhas Aereas Inteligentes SA will post 1.02 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.0036 per share. The ex-dividend date of this dividend is Friday, September 27th.

Gol Linhas Aereas Inteligentes Company Profile

GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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

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