Gabelli Funds LLC Acquires New Position in NII Holdings Inc (NIHD)

Gabelli Funds LLC acquired a new stake in shares of NII Holdings Inc (NASDAQ:NIHD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,600 shares of the Wireless communications provider’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of NII by 8.6% during the third quarter. BlackRock Inc. now owns 6,183,761 shares of the Wireless communications provider’s stock valued at $36,236,000 after acquiring an additional 490,102 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of NII by 39.3% during the third quarter. JPMorgan Chase & Co. now owns 5,084,059 shares of the Wireless communications provider’s stock valued at $29,793,000 after acquiring an additional 1,435,566 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NII by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,602,361 shares of the Wireless communications provider’s stock valued at $9,390,000 after acquiring an additional 37,981 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of NII by 2.4% during the third quarter. Vanguard Group Inc now owns 1,602,361 shares of the Wireless communications provider’s stock valued at $9,390,000 after acquiring an additional 37,981 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of NII by 6.9% during the third quarter. Renaissance Technologies LLC now owns 1,260,338 shares of the Wireless communications provider’s stock valued at $7,386,000 after acquiring an additional 81,900 shares during the last quarter. 69.68% of the stock is currently owned by institutional investors and hedge funds.

NIHD opened at $4.41 on Tuesday. NII Holdings Inc has a 52 week low of $0.52 and a 52 week high of $8.51.



Separately, BidaskClub raised NII from a “sell” rating to a “hold” rating in a research note on Monday, January 7th.

ILLEGAL ACTIVITY NOTICE: “Gabelli Funds LLC Acquires New Position in NII Holdings Inc (NIHD)” was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://dakotafinancialnews.com/2019/02/12/gabelli-funds-llc-acquires-new-position-in-nii-holdings-inc-nihd.html.

NII Company Profile

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.

Featured Article: Blue-Chip Stocks

Want to see what other hedge funds are holding NIHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NII Holdings Inc (NASDAQ:NIHD).

Institutional Ownership by Quarter for NII (NASDAQ:NIHD)

Receive News & Ratings for NII Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NII and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply