7.9% Stake of Gol Linhas Aereas Inteligentes S.A. (GOL) Maintained by Contrarian Capital Management, L.L.C.

Contrarian Capital Management, L.L.C.

recently stated that they own a 7.9% stake in Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) in a Form 13G disclosure that was filed with the SEC on Tuesday, October 10th. The investor owns 16,021,148 shares of the stock worth $384,507,552. The filing is available through EDGAR at this link.

Several other institutional investors and hedge funds have also recently modified their holdings of GOL. Macquarie Group Ltd. lifted its stake in shares of Gol Linhas Aereas Inteligentes by 97.8% during the second quarter. Macquarie Group Ltd. now owns 1,123,422 shares of the transportation company’s stock valued at $12,762,000 after acquiring an additional 555,586 shares during the period. Dimensional Fund Advisors LP lifted its stake in Gol Linhas Aereas Inteligentes by 269.9% in the second quarter. Dimensional Fund Advisors LP now owns 196,048 shares of the transportation company’s stock valued at $2,227,000 after buying an additional 143,048 shares during the period. Pinnacle Associates Ltd. lifted its stake in Gol Linhas Aereas Inteligentes by 342.3% in the second quarter. Pinnacle Associates Ltd. now owns 55,175 shares of the transportation company’s stock valued at $627,000 after buying an additional 42,700 shares during the period. Van ECK Associates Corp lifted its stake in Gol Linhas Aereas Inteligentes by 94.0% in the second quarter. Van ECK Associates Corp now owns 57,974 shares of the transportation company’s stock valued at $659,000 after buying an additional 28,084 shares during the period. Finally, IFP Advisors Inc acquired a new position in Gol Linhas Aereas Inteligentes in the second quarter valued at about $227,000. 0.04% of the stock is currently owned by institutional investors and hedge funds.

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Gol Linhas Aereas Inteligentes S.A. (GOL) traded up 1.58% during trading on Tuesday, reaching $24.38. The company’s stock had a trading volume of 79,497 shares. Gol Linhas Aereas Inteligentes S.A. has a 52-week low of $5.77 and a 52-week high of $24.90. The firm has a 50 day moving average price of $20.19 and a 200-day moving average price of $15.59. The stock’s market cap is $1.69 billion.

Several equities analysts have weighed in on GOL shares. BidaskClub lowered Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation raised Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, July 5th. Zacks Investment Research raised Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, August 17th. Finally, ValuEngine lowered Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gol Linhas Aereas Inteligentes presently has an average rating of “Buy” and an average target price of $22.17.

Gol Linhas Aereas Inteligentes 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.

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

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