NII (NIHD) Stock Price Up 5.1%

NII Holdings Inc (NASDAQ:NIHD) shares rose 5.1% during mid-day trading on Tuesday . The stock traded as high as $3.37 and last traded at $3.29. Approximately 734,100 shares changed hands during trading, a decline of 56% from the average daily volume of 1,659,666 shares. The stock had previously closed at $3.13.

NIHD has been the subject of several analyst reports. BidaskClub upgraded NII from a “hold” rating to a “buy” rating in a report on Saturday, April 14th. ValuEngine upgraded NII from a “strong sell” rating to a “sell” rating in a report on Thursday, March 1st.

Get NII alerts:

The company has a debt-to-equity ratio of -5.63, a quick ratio of 1.45 and a current ratio of 1.47.

NII (NASDAQ:NIHD) last issued its quarterly earnings results on Tuesday, May 8th. The Wireless communications provider reported ($0.43) earnings per share for the quarter. The business had revenue of $181.00 million during the quarter. NII had a negative net margin of 31.46% and a negative return on equity of 433.00%.

Institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Financial Inc. acquired a new stake in shares of NII during the 4th quarter worth $127,000. New Generation Advisors LLC boosted its position in NII by 44.0% during the 1st quarter. New Generation Advisors LLC now owns 8,345,995 shares of the Wireless communications provider’s stock worth $17,610,000 after purchasing an additional 2,551,144 shares during the period. Ursa Fund Management LLC purchased a new stake in NII during the 1st quarter worth $264,000. 683 Capital Management LLC boosted its position in NII by 107.9% during the 4th quarter. 683 Capital Management LLC now owns 12,671,154 shares of the Wireless communications provider’s stock worth $5,376,000 after purchasing an additional 6,575,726 shares during the period. Finally, Virtu Financial LLC purchased a new stake in NII during the 4th quarter worth $139,000. Institutional investors own 63.48% of the company’s stock.

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.