NII Holdings, Inc. (NASDAQ:NIHD) major shareholder Joseph D. Samberg acquired 56,132 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of $0.52 per share, with a total value of $29,188.64. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

NII Holdings, Inc. (NIHD) opened at $0.62 on Wednesday. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market cap of $58.28 and a P/E ratio of -0.16. NII Holdings, Inc. has a 52-week low of $0.22 and a 52-week high of $3.35.

Large investors have recently bought and sold shares of the company. FNY Partners Fund LP acquired a new position in shares of NII in the second quarter valued at approximately $158,000. HighTower Advisors LLC raised its position in shares of NII by 29.0% in the second quarter. HighTower Advisors LLC now owns 316,078 shares of the Wireless communications provider’s stock valued at $256,000 after buying an additional 71,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of NII by 365.8% in the second quarter. Goldman Sachs Group Inc. now owns 948,876 shares of the Wireless communications provider’s stock valued at $763,000 after buying an additional 745,161 shares during the last quarter. Empyrean Capital Partners LP raised its position in shares of NII by 39.8% in the second quarter. Empyrean Capital Partners LP now owns 1,976,052 shares of the Wireless communications provider’s stock valued at $1,589,000 after buying an additional 562,387 shares during the last quarter. Finally, Benefit Street Partners LLC raised its position in shares of NII by 16.3% in the second quarter. Benefit Street Partners LLC now owns 3,214,915 shares of the Wireless communications provider’s stock valued at $2,585,000 after buying an additional 450,997 shares during the last quarter. 74.44% of the stock is owned by institutional investors and hedge funds.

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NII Company Profile

NII Holdings, Inc provides wireless communication services under the Nextel brand in Brazil. It offers mobile telephone voice services; wireless data services, including text messaging, mobile Internet, and email services; and push-to-talk services, such as Direct Connect, and Prip and International Direct Connect services, which allow subscribers to talk to each other instantly.

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