NII (NASDAQ:NIHD) Sees Large Volume Increase

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NII Holdings Inc (NASDAQ:NIHD) shares saw unusually-high trading volume on Monday . Approximately 2,682,969 shares traded hands during trading, an increase of 158% from the previous session’s volume of 1,038,350 shares.The stock last traded at $1.87 and had previously closed at $1.86.

The business’s fifty day moving average price is $1.86 and its 200 day moving average price is $1.82.

NII (NASDAQ:NIHD) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported ($0.07) earnings per share (EPS) for the quarter. NII had a negative net margin of 18.24% and a negative return on equity of 4.76%.

In other NII news, major shareholder 683 Capital Management, Llc sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $1.90, for a total value of $5,700,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.33% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in shares of NII by 5,996.7% in the second quarter. Tower Research Capital LLC TRC now owns 40,299 shares of the Wireless communications provider’s stock valued at $69,000 after buying an additional 39,638 shares during the period. Susquehanna International Group LLP increased its position in NII by 151.2% in the 2nd quarter. Susquehanna International Group LLP now owns 305,941 shares of the Wireless communications provider’s stock valued at $517,000 after acquiring an additional 184,141 shares during the period. SG Americas Securities LLC raised its stake in shares of NII by 119.7% during the second quarter. SG Americas Securities LLC now owns 65,060 shares of the Wireless communications provider’s stock valued at $110,000 after acquiring an additional 35,444 shares during the last quarter. Highbridge Capital Management LLC raised its stake in shares of NII by 166.7% during the second quarter. Highbridge Capital Management LLC now owns 600,000 shares of the Wireless communications provider’s stock valued at $1,014,000 after acquiring an additional 375,000 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of NII by 85.7% during the second quarter. Gabelli Funds LLC now owns 65,000 shares of the Wireless communications provider’s stock valued at $110,000 after acquiring an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 62.40% of the company’s stock.

NII Company Profile (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, and international voice and data roaming services.

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