NII (NASDAQ:NIHD) Posts Quarterly Earnings Results

NII (NASDAQ:NIHD) announced its quarterly earnings results on Tuesday. The Wireless communications provider reported ($0.07) earnings per share for the quarter, reports. NII had a negative net margin of 18.24% and a negative return on equity of 4.92%.

Shares of NASDAQ NIHD traded up $0.05 during mid-day trading on Friday, hitting $1.80. The company had a trading volume of 1,189,400 shares, compared to its average volume of 1,036,478. NII has a 1 year low of $1.54 and a 1 year high of $8.51. The stock’s 50-day moving average price is $1.90 and its 200-day moving average price is $1.83.

Separately, ValuEngine upgraded NII from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

In other news, major shareholder 683 Capital Management, Llc sold 3,000,000 shares of NII stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $1.90, for a total value of $5,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd grew its position in NII by 8.3% during the second quarter. WINTON GROUP Ltd now owns 81,206 shares of the Wireless communications provider’s stock worth $137,000 after buying an additional 6,238 shares in the last quarter. Magnus Financial Group LLC grew its position in NII by 18.6% during the second quarter. Magnus Financial Group LLC now owns 103,582 shares of the Wireless communications provider’s stock worth $175,000 after buying an additional 16,280 shares in the last quarter. Jane Street Group LLC purchased a new position in NII during the second quarter worth about $41,000. Gabelli Funds LLC grew its position in NII by 85.7% during the second quarter. Gabelli Funds LLC now owns 65,000 shares of the Wireless communications provider’s stock worth $110,000 after buying an additional 30,000 shares in the last quarter. Finally, Teton Advisors Inc. grew its position in NII by 2.8% during the second quarter. Teton Advisors Inc. now owns 1,100,000 shares of the Wireless communications provider’s stock worth $1,859,000 after buying an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 61.14% of the company’s stock.

About NII

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, and international voice and data roaming services.

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Earnings History for NII (NASDAQ:NIHD)

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