NII (NIHD) Trading Up 6.9%

NII Holdings Inc (NASDAQ:NIHD) shares were up 6.9% during trading on Thursday . The stock traded as high as $4.99 and last traded at $4.98. Approximately 2,316,550 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 1,901,434 shares. The stock had previously closed at $4.66.

Several research analysts have recently commented on NIHD shares. BidaskClub raised shares of NII from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. ValuEngine lowered shares of NII from a “buy” rating to a “hold” rating in a report on Sunday, September 23rd.

NII (NASDAQ:NIHD) last posted its quarterly earnings results on Thursday, November 8th. The Wireless communications provider reported ($0.50) EPS for the quarter. The firm had revenue of $141.70 million for the quarter.



In other NII news, major shareholder 683 Capital Management, Llc sold 883,067 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $7.07, for a total transaction of $6,243,283.69. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in NIHD. Metropolitan Life Insurance Co. NY bought a new stake in shares of NII in the 2nd quarter worth approximately $119,000. State Board of Administration of Florida Retirement System bought a new stake in shares of NII in the 2nd quarter worth approximately $128,000. Voya Investment Management LLC bought a new stake in shares of NII in the 2nd quarter worth approximately $133,000. MetLife Investment Advisors LLC bought a new stake in shares of NII in the 2nd quarter worth approximately $169,000. Finally, Cowen Inc. bought a new stake in shares of NII in the 2nd quarter worth approximately $198,000. Institutional investors own 68.73% of the company’s stock.

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About NII (NASDAQ:NIHD)

NII Holdings, Inc, through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. The company offers its services through wideband code division multiple access and long-term evolution networks. Its services include mobile telephone voice and wireless data, international voice and data roaming, and application-based radio connection services.

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