683 Capital Management LLC increased its position in shares of NII Holdings, Inc. (NASDAQ:NIHD) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,095,428 shares of the Wireless communications provider’s stock after buying an additional 340,615 shares during the quarter. 683 Capital Management LLC owned 6.07% of NII worth $2,804,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new stake in NII during the second quarter worth about $112,000. FNY Partners Fund LP acquired a new stake in NII during the second quarter worth about $158,000. Teton Advisors Inc. grew its position in NII by 9.9% during the second quarter. Teton Advisors Inc. now owns 220,019 shares of the Wireless communications provider’s stock worth $177,000 after buying an additional 19,800 shares in the last quarter. HighTower Advisors LLC grew its position in NII by 29.0% during the second quarter. HighTower Advisors LLC now owns 316,078 shares of the Wireless communications provider’s stock worth $256,000 after buying an additional 71,000 shares in the last quarter. Finally, Sei Investments Co. grew its position in NII by 63.0% during the second quarter. Sei Investments Co. now owns 516,542 shares of the Wireless communications provider’s stock worth $416,000 after buying an additional 199,720 shares in the last quarter. 74.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NII Holdings, Inc. (NIHD) opened at $0.28 on Friday. NII Holdings, Inc. has a 1 year low of $0.22 and a 1 year high of $3.45. The company has a debt-to-equity ratio of -3.56, a current ratio of 0.78 and a quick ratio of 0.77.
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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