Shares of NII Holdings Inc (NASDAQ:NIHD) traded up 8.7% on Tuesday . The company traded as high as $4.88 and last traded at $4.86. 821,045 shares were traded during trading, an increase of 6% from the average session volume of 776,930 shares. The stock had previously closed at $4.47.
Separately, BidaskClub lowered shares of NII from a “hold” rating to a “sell” rating in a research note on Friday, February 15th.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of NII by 3.7% in the fourth quarter. BlackRock Inc. now owns 6,412,748 shares of the Wireless communications provider’s stock worth $28,280,000 after purchasing an additional 228,987 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NII by 39.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,084,059 shares of the Wireless communications provider’s stock valued at $29,793,000 after purchasing an additional 1,435,566 shares during the last quarter. Vanguard Group Inc increased its holdings in NII by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 1,602,361 shares of the Wireless communications provider’s stock worth $9,390,000 after buying an additional 37,981 shares during the period. Vanguard Group Inc. increased its holdings in NII by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,602,361 shares of the Wireless communications provider’s stock worth $9,390,000 after buying an additional 37,981 shares during the period. Finally, Beaconlight Capital LLC acquired a new position in NII in the 4th quarter worth approximately $6,138,000. Institutional investors and hedge funds own 68.78% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2019/02/22/nii-nihd-trading-8-7-higher.html.
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, international voice and data roaming, and application-based radio connection services.
Further Reading: Growth Stocks, What They Are, What They Are Not
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.