Schwab Charles Investment Management Inc. Buys New Position in NII Holdings Inc (NIHD)

Schwab Charles Investment Management Inc. bought a new stake in shares of NII Holdings Inc (NASDAQ:NIHD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 193,527 shares of the Wireless communications provider’s stock, valued at approximately $755,000.

Other large investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new stake in NII during the 2nd quarter valued at $128,000. Element Capital Management LLC acquired a new stake in NII during the 1st quarter valued at $133,000. Citigroup Inc. raised its stake in NII by 42,134.8% during the 1st quarter. Citigroup Inc. now owns 75,178 shares of the Wireless communications provider’s stock valued at $159,000 after purchasing an additional 75,000 shares during the period. First Manhattan Co. raised its stake in NII by 20.0% during the 2nd quarter. First Manhattan Co. now owns 60,000 shares of the Wireless communications provider’s stock valued at $234,000 after purchasing an additional 10,000 shares during the period. Finally, Strs Ohio acquired a new stake in NII during the 2nd quarter valued at $271,000. 72.82% of the stock is currently owned by institutional investors.

In other news, VP Timothy M. Mulieri sold 37,374 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $5.82, for a total value of $217,516.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

NASDAQ NIHD opened at $5.62 on Thursday. NII Holdings Inc has a 1-year low of $0.22 and a 1-year high of $7.29. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -3.67.

NII (NASDAQ:NIHD) last posted its quarterly earnings results on Tuesday, August 7th. The Wireless communications provider reported ($0.96) earnings per share for the quarter. The firm had revenue of $156.00 million for the quarter.

Several analysts have issued reports on the stock. BidaskClub raised shares of NII from a “hold” rating to a “buy” rating in a research note on Friday, June 22nd. ValuEngine downgraded shares of NII from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th.

NII 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.

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Institutional Ownership by Quarter for NII (NASDAQ:NIHD)

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