Weiss Asset Management LP Grows Holdings in NII Holdings Inc (NASDAQ:NIHD)

Weiss Asset Management LP increased its position in shares of NII Holdings Inc (NASDAQ:NIHD) by 7,836.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,676,643 shares of the Wireless communications provider’s stock after buying an additional 1,655,517 shares during the period. Weiss Asset Management LP’s holdings in NII were worth $2,834,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd increased its stake in NII by 8.3% during the 2nd quarter. WINTON GROUP Ltd now owns 81,206 shares of the Wireless communications provider’s stock worth $137,000 after buying an additional 6,238 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in NII during the 1st quarter worth $26,000. BNP Paribas Arbitrage SA increased its stake in NII by 98.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,732 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 14,750 shares during the period. Magnus Financial Group LLC increased its stake in NII by 18.6% during the 2nd quarter. Magnus Financial Group LLC now owns 103,582 shares of the Wireless communications provider’s stock worth $175,000 after buying an additional 16,280 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of NII by 201.7% in the 1st quarter. Gabelli Funds LLC now owns 35,000 shares of the Wireless communications provider’s stock worth $69,000 after purchasing an additional 23,400 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised shares of NII from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Shares of NIHD traded down $0.02 during midday trading on Monday, hitting $1.93. The company had a trading volume of 39,110 shares, compared to its average volume of 485,604. The company’s 50 day moving average price is $1.68 and its 200 day moving average price is $2.02. NII Holdings Inc has a 52 week low of $1.54 and a 52 week high of $8.51.

NII (NASDAQ:NIHD) last released its earnings results on Tuesday, August 6th. The Wireless communications provider reported ($0.05) earnings per share for the quarter.

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, and international voice and data roaming services.

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Institutional Ownership by Quarter for NII (NASDAQ:NIHD)

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