BidaskClub Lowers NII (NIHD) to Hold

NII (NASDAQ:NIHD) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, ValuEngine upgraded shares of NII from a “sell” rating to a “hold” rating in a research report on Friday, May 4th.

Shares of NII opened at $2.77 on Monday, Marketbeat.com reports. 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 has a 12 month low of $2.71 and a 12 month high of $2.82.

NII (NASDAQ:NIHD) last issued its earnings results on Tuesday, May 8th. The Wireless communications provider reported ($0.43) EPS for the quarter. The firm 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%.

In other news, major shareholder 683 Capital Management, Llc bought 707,092 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $0.80 per share, for a total transaction of $565,673.60. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 2,081,437 shares of company stock valued at $1,991,380 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in NIHD. Cowen Inc. bought a new stake in shares of NII during the 4th quarter valued at approximately $113,000. Spark Investment Management LLC bought a new stake in shares of NII during the 1st quarter valued at approximately $117,000. B. Riley Financial Inc. bought a new stake in shares of NII during the 4th quarter valued at approximately $127,000. Element Capital Management LLC bought a new stake in shares of NII during the 1st quarter valued at approximately $133,000. Finally, Virtu Financial LLC bought a new stake in shares of NII during the 4th quarter valued at approximately $139,000. 61.09% of the stock is currently owned by institutional investors.

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.

Receive News & Ratings for NII Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NII and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply