Insider Buying: NII Holdings, Inc. (NIHD) Major Shareholder Purchases 56,132 Shares of Stock

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

NII Holdings, Inc. (NASDAQ:NIHD) opened at $0.69 on Thursday. The firm has a market cap of $73.23, a price-to-earnings ratio of -0.19 and a beta of 1.71. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of -3.56. NII Holdings, Inc. has a 1-year low of $0.22 and a 1-year high of $3.35.

NII (NASDAQ:NIHD) last issued its earnings results on Thursday, November 9th. The Wireless communications provider reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.29). NII had a negative return on equity of 433.00% and a negative net margin of 36.34%.

A number of hedge funds have recently made changes to their positions in the business. 683 Capital Management LLC lifted its stake in NII by 5.9% in the 3rd quarter. 683 Capital Management LLC now owns 6,095,428 shares of the Wireless communications provider’s stock worth $2,804,000 after purchasing an additional 340,615 shares in the last quarter. PointState Capital LP lifted its stake in NII by 60.7% in the 2nd quarter. PointState Capital LP now owns 4,653,000 shares of the Wireless communications provider’s stock worth $3,741,000 after purchasing an additional 1,758,100 shares in the last quarter. Benefit Street Partners LLC lifted its stake 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 purchasing an additional 450,997 shares in the last quarter. Empyrean Capital Partners LP lifted its stake 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 purchasing an additional 562,387 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake 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 purchasing an additional 745,161 shares in the last quarter. Institutional investors and hedge funds own 74.44% of the company’s stock.

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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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