NII (NIHD) Stock Rating Lowered by BidaskClub

NII (NASDAQ:NIHD) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, ValuEngine raised shares of NII from a “sell” rating to a “hold” rating in a research report on Friday, May 4th.

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NII traded down $0.16, hitting $2.80, during midday trading on Monday, according to Marketbeat. 2,365,739 shares of the company’s stock traded hands, compared to its average volume of 1,784,298. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.63. NII has a one year low of $2.78 and a one year high of $2.99.

NII (NASDAQ:NIHD) last issued its quarterly earnings data on Tuesday, May 8th. The Wireless communications provider reported ($0.43) earnings per share for the quarter. The business had revenue of $181.00 million for the quarter. NII had a negative net margin of 31.46% and a negative return on equity of 433.00%.

In other news, major shareholder 683 Capital Management, Llc purchased 500,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were bought at an average price of $1.40 per share, with a total value of $700,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders bought 2,081,437 shares of company stock worth $1,991,380. Insiders own 0.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NIHD. Teton Advisors Inc. raised its position in shares of NII by 300.0% in the fourth quarter. Teton Advisors Inc. now owns 800,000 shares of the Wireless communications provider’s stock valued at $339,000 after purchasing an additional 600,000 shares during the period. Virtu Financial LLC bought a new position in shares of NII in the fourth quarter valued at approximately $139,000. B. Riley Financial Inc. bought a new position in shares of NII in the fourth quarter valued at approximately $127,000. Renaissance Technologies LLC bought a new position in shares of NII in the fourth quarter valued at approximately $183,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of NII by 1,007.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 497,046 shares of the Wireless communications provider’s stock valued at $211,000 after purchasing an additional 452,177 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NII Company Profile

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.