NII Holdings, Inc. (NIHD) Major Shareholder Joseph D. Samberg Purchases 56,132 Shares

NII Holdings, Inc. (NASDAQ:NIHD) major shareholder Joseph D. Samberg purchased 56,132 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was bought at an average cost of $0.52 per share, with a total value of $29,188.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NII Holdings, Inc. (NASDAQ:NIHD) traded up $0.03 during midday trading on Tuesday, reaching $0.61. 2,966,867 shares of the company traded hands, compared to its average volume of 2,379,917. The stock has a market cap of $58.28 and a price-to-earnings ratio of -0.16. The company has a debt-to-equity ratio of -3.56, a quick ratio of 0.77 and a current ratio of 0.78. NII Holdings, Inc. has a 12 month low of $0.22 and a 12 month high of $3.35.

A number of hedge funds and other institutional investors have recently modified their holdings of NIHD. FNY Partners Fund LP purchased a new stake in NII in the 2nd quarter worth $158,000. HighTower Advisors LLC increased its holdings in NII by 29.0% in the 2nd quarter. HighTower Advisors LLC now owns 316,078 shares of the Wireless communications provider’s stock worth $256,000 after acquiring an additional 71,000 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in NII by 365.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 948,876 shares of the Wireless communications provider’s stock worth $763,000 after acquiring an additional 745,161 shares in the last quarter. Empyrean Capital Partners LP increased its holdings in NII by 39.8% in the 2nd quarter. Empyrean Capital Partners LP now owns 1,976,052 shares of the Wireless communications provider’s stock worth $1,589,000 after acquiring an additional 562,387 shares in the last quarter. Finally, Benefit Street Partners LLC increased its holdings in NII by 16.3% in the 2nd quarter. Benefit Street Partners LLC now owns 3,214,915 shares of the Wireless communications provider’s stock worth $2,585,000 after acquiring an additional 450,997 shares in the last quarter. 74.44% of the stock is owned by institutional investors.

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About NII

NII Holdings, Inc provides wireless communication services under the Nextel brand in Brazil. It offers mobile telephone voice services; wireless data services, including text messaging, mobile Internet, and email services; and push-to-talk services, such as Direct Connect, and Prip and International Direct Connect services, which allow subscribers to talk to each other instantly.

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