KAMES CAPITAL plc acquired a new position in NII Holdings Inc (NASDAQ:NIHD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 217,573 shares of the Wireless communications provider’s stock, valued at approximately $1,273,000. KAMES CAPITAL plc owned about 0.22% of NII as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in NIHD. Northern Trust Corp raised its holdings in NII by 320.7% during the 2nd quarter. Northern Trust Corp now owns 972,129 shares of the Wireless communications provider’s stock valued at $3,791,000 after buying an additional 741,031 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in NII by 257.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 300,221 shares of the Wireless communications provider’s stock valued at $1,171,000 after buying an additional 216,270 shares during the last quarter. Cowen Inc. bought a new stake in NII during the 2nd quarter valued at $198,000. B. Riley Financial Inc. bought a new stake in NII during the 2nd quarter valued at $367,000. Finally, MetLife Investment Advisors LLC bought a new stake in NII during the 2nd quarter valued at $169,000. Hedge funds and other institutional investors own 72.82% of the company’s stock.
Shares of NII stock opened at $5.07 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -3.67. NII Holdings Inc has a 12-month low of $0.22 and a 12-month high of $7.29.
NII (NASDAQ:NIHD) last issued its quarterly earnings data on Tuesday, August 7th. The Wireless communications provider reported ($0.96) earnings per share (EPS) for the quarter. The business had revenue of $156.00 million for the quarter.
NIHD has been the topic of a number of research analyst reports. ValuEngine downgraded shares of NII from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of NII from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd.
In other NII news, VP Timothy M. Mulieri sold 37,374 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $5.82, for a total transaction of $217,516.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.
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.
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