NII Holdings, Inc. (NASDAQ:NIHD) Posts Earnings Results, Misses Expectations By $0.31 EPS
NII Holdings, Inc. (NASDAQ:NIHD) posted its quarterly earnings data on Wednesday. The Wireless communications provider reported ($0.87) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.56) by $0.31, Morningstar.com reports. The business had revenue of $225.10 million during the quarter. NII Holdings had a negative net margin of 159.96% and a negative return on equity of 30.56%. During the same period in the previous year, the business earned ($0.10) EPS.
NII Holdings (NASDAQ NIHD) traded down 4.02% during mid-day trading on Thursday, hitting $0.59. The stock had a trading volume of 284,128 shares. The stock has a 50-day moving average price of $0.62 and a 200 day moving average price of $1.15. NII Holdings has a 12-month low of $0.36 and a 12-month high of $3.63. The firm’s market cap is $59.33 million.
Several hedge funds have recently bought and sold shares of the stock. LMR Partners LLP acquired a new stake in NII Holdings during the second quarter valued at approximately $112,000. FNY Partners Fund LP purchased a new position in shares of NII Holdings during the second quarter valued at about $158,000. Teton Advisors Inc. boosted its position in shares of NII Holdings by 9.9% in the second quarter. Teton Advisors Inc. now owns 220,019 shares of the Wireless communications provider’s stock valued at $177,000 after buying an additional 19,800 shares in the last quarter. Sei Investments Co. boosted its position in shares of NII Holdings by 63.0% in the second quarter. Sei Investments Co. now owns 516,542 shares of the Wireless communications provider’s stock valued at $416,000 after buying an additional 199,720 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in shares of NII Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 914,557 shares of the Wireless communications provider’s stock valued at $735,000 after buying an additional 15,652 shares in the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.
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Separately, Zacks Investment Research cut NII Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 12th.
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