Chicago Equity Partners LLC Buys 57,699 Shares of NII Holdings Inc (NIHD)
Chicago Equity Partners LLC grew its stake in NII Holdings Inc (NASDAQ:NIHD) by 54.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,130 shares of the Wireless communications provider’s stock after purchasing an additional 57,699 shares during the period. Chicago Equity Partners LLC owned approximately 0.16% of NII worth $962,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in NIHD. Russell Investments Group Ltd. acquired a new position in NII in the third quarter valued at $599,000. First Quadrant L P CA acquired a new position in NII in the third quarter valued at $404,000. First Manhattan Co. increased its stake in NII by 76.7% in the third quarter. First Manhattan Co. now owns 106,000 shares of the Wireless communications provider’s stock valued at $621,000 after purchasing an additional 46,000 shares during the last quarter. KAMES CAPITAL plc acquired a new position in NII in the third quarter valued at $1,273,000. Finally, Northern Trust Corp increased its stake in NII by 320.7% in the second quarter. Northern Trust Corp now owns 972,129 shares of the Wireless communications provider’s stock valued at $3,791,000 after purchasing an additional 741,031 shares during the last quarter. 73.61% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on NIHD. ValuEngine lowered NII from a “buy” rating to a “hold” rating in a research note on Sunday, September 23rd. BidaskClub lowered NII from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th.
NII (NASDAQ:NIHD) last released its earnings results on Thursday, November 8th. The Wireless communications provider reported ($0.50) EPS for the quarter. The company had revenue of $141.70 million during the quarter.
In related news, VP Timothy M. Mulieri sold 37,374 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $5.82, for a total value of $217,516.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
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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.
See Also: Cost of Equity For A Business, Investors
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