NII Holdings, Inc. (NASDAQ:NIHD) major shareholder Joseph D. Samberg acquired 56,132 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $0.52 per share, for a total transaction of $29,188.64. The acquisition 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 transactions with the SEC.
Shares of NII Holdings, Inc. (NIHD) traded down $0.05 on Friday, reaching $0.59. 313,082 shares of the company traded hands, compared to its average volume of 1,870,000. The company has a market capitalization of $64.71 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 52-week low of $0.22 and a 52-week high of $2.65.
NII (NASDAQ:NIHD) last issued its quarterly earnings data 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 net margin of 36.34% and a negative return on equity of 433.00%.
Several large investors have recently added to or reduced their stakes in NIHD. FNY Partners Fund LP bought a new position in shares of NII in the second quarter valued at approximately $158,000. HighTower Advisors LLC raised its position in shares of NII by 29.0% in the second quarter. HighTower Advisors LLC now owns 316,078 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 71,000 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NII by 365.8% in the second quarter. Goldman Sachs Group Inc. now owns 948,876 shares of the Wireless communications provider’s stock valued at $763,000 after purchasing an additional 745,161 shares during the period. Empyrean Capital Partners LP raised its position in shares of NII by 39.8% in the second quarter. Empyrean Capital Partners LP now owns 1,976,052 shares of the Wireless communications provider’s stock valued at $1,589,000 after purchasing an additional 562,387 shares during the period. Finally, PointState Capital LP raised its position in shares of NII by 60.7% in the second quarter. PointState Capital LP now owns 4,653,000 shares of the Wireless communications provider’s stock valued at $3,741,000 after purchasing an additional 1,758,100 shares during the period. 73.54% of the stock is currently owned by institutional investors.
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NII Company Profile
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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