Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) shares fell 5.7% on Thursday . The company traded as low as $8.19 and last traded at $8.53. 729,143 shares changed hands during trading, a decline of 8% from the average session volume of 795,484 shares. The stock had previously closed at $9.05.

A number of research firms recently weighed in on GOL. Zacks Investment Research lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. ValuEngine raised shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub lowered shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.33.

The firm has a market cap of $1,479.95, a PE ratio of 49.59 and a beta of 1.89. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of -1.73.

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. bought a new stake in Gol Linhas Aereas Inteligentes in the first quarter worth about $233,000. Dimensional Fund Advisors LP raised its position in Gol Linhas Aereas Inteligentes by 67.1% in the first quarter. Dimensional Fund Advisors LP now owns 53,000 shares of the transportation company’s stock worth $1,403,000 after acquiring an additional 21,284 shares during the period. Virtu KCG Holdings LLC raised its position in Gol Linhas Aereas Inteligentes by 89.3% in the second quarter. Virtu KCG Holdings LLC now owns 22,285 shares of the transportation company’s stock worth $253,000 after acquiring an additional 10,515 shares during the period. Bank of America Corp DE raised its position in Gol Linhas Aereas Inteligentes by 6.9% in the first quarter. Bank of America Corp DE now owns 13,973 shares of the transportation company’s stock worth $370,000 after acquiring an additional 901 shares during the period. Finally, TCW Group Inc. bought a new stake in Gol Linhas Aereas Inteligentes in the third quarter worth about $2,400,000. 0.05% of the stock is currently owned by institutional investors and hedge funds.

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Gol Linhas Aereas Inteligentes Company Profile

Gol Linhas Aereas Inteligentes SA is a Brazil-based airline company. The Company focuses on carrying passengers to over 60 destinations, approximately 50 in Brazil and 10 in South America and the Caribbean. The Company’s fleet includes approximately 120 Boeing 737 aircrafts. The Company operates through two segments: Air transportation and Loyalty program.

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