Shares of NII Holdings Inc (NASDAQ:NIHD) saw unusually-high trading volume on Monday . Approximately 2,682,969 shares changed hands during mid-day trading, an increase of 158% from the previous session’s volume of 1,038,350 shares.The stock last traded at $1.87 and had previously closed at $1.86.
The stock’s 50 day moving average price is $1.86 and its 200 day moving average price is $1.82.
NII (NASDAQ:NIHD) last released its earnings results on Tuesday, November 5th. The Wireless communications provider reported ($0.07) earnings per share (EPS) for the quarter. NII had a negative net margin of 18.24% and a negative return on equity of 4.76%.
Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in shares of NII by 15.8% during the 3rd quarter. Squarepoint Ops LLC now owns 578,599 shares of the Wireless communications provider’s stock valued at $1,134,000 after acquiring an additional 79,042 shares during the period. Bluefin Trading LLC raised its holdings in NII by 11.9% during the third quarter. Bluefin Trading LLC now owns 680,700 shares of the Wireless communications provider’s stock worth $1,334,000 after buying an additional 72,300 shares during the last quarter. State Street Corp acquired a new position in NII during the third quarter worth $216,000. Gabelli Funds LLC raised its holdings in NII by 1,309.6% during the third quarter. Gabelli Funds LLC now owns 916,214 shares of the Wireless communications provider’s stock worth $1,796,000 after buying an additional 851,214 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in NII during the third quarter worth $1,520,000. Institutional investors own 62.40% of the company’s stock.
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, and international voice and data roaming services.
Recommended Story: How to invest in blue-chip stocks
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.