NII (NIHD) Announces Earnings Results

NII (NASDAQ:NIHD) released its earnings results on Thursday. The Wireless communications provider reported ($0.50) EPS for the quarter, MarketWatch Earnings reports. The company had revenue of $141.70 million for the quarter.

NIHD traded up $0.49 during trading on Friday, reaching $7.99. 7,526,700 shares of the company’s stock were exchanged, compared to its average volume of 1,831,509. NII has a 1 year low of $0.22 and a 1 year high of $8.51.

In other NII news, VP Timothy M. Mulieri sold 37,374 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $5.82, for a total transaction of $217,516.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in NII by 8.6% during the 3rd quarter. BlackRock Inc. now owns 6,183,761 shares of the Wireless communications provider’s stock worth $36,236,000 after buying an additional 490,102 shares during the last quarter. JPMorgan Chase & Co. raised its position in NII by 39.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,084,059 shares of the Wireless communications provider’s stock worth $29,793,000 after buying an additional 1,435,566 shares during the last quarter. Benefit Street Partners LLC raised its position in NII by 19.4% during the 2nd quarter. Benefit Street Partners LLC now owns 4,498,851 shares of the Wireless communications provider’s stock worth $17,546,000 after buying an additional 731,849 shares during the last quarter. Renaissance Technologies LLC raised its position in NII by 82.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,178,438 shares of the Wireless communications provider’s stock worth $4,596,000 after buying an additional 531,200 shares during the last quarter. Finally, Northern Trust Corp raised its position in NII by 320.7% during the 2nd quarter. Northern Trust Corp now owns 972,129 shares of the Wireless communications provider’s stock worth $3,791,000 after buying an additional 741,031 shares during the last quarter. 73.35% of the stock is owned by institutional investors.

NIHD has been the subject of a number of recent research reports. BidaskClub raised shares of NII from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. ValuEngine raised shares of NII from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th.

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About NII

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.

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Earnings History for NII (NASDAQ:NIHD)

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