Nomura Asset Management Co. Ltd. lessened its position in shares of NII Holdings Inc (NASDAQ:NIHD) by 19.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,064 shares of the Wireless communications provider’s stock after selling 95,982 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NII were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of NIHD. Spark Investment Management LLC bought a new position in NII in the 1st quarter valued at approximately $117,000. Element Capital Management LLC bought a new position in NII in the 1st quarter valued at approximately $133,000. Citigroup Inc. lifted its stake in NII by 42,134.8% in 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 last quarter. Renaissance Technologies LLC bought a new position in NII in the 4th quarter valued at approximately $183,000. Finally, First Manhattan Co. raised its stake in shares of NII by 20.0% during the second quarter. First Manhattan Co. now owns 60,000 shares of the Wireless communications provider’s stock valued at $234,000 after acquiring an additional 10,000 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

NIHD opened at $5.45 on Tuesday. NII Holdings Inc has a twelve month low of $0.22 and a twelve month high of $7.29. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -3.67.

Several research firms have recently issued reports on NIHD. ValuEngine downgraded shares of NII from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. BidaskClub downgraded shares of NII from a “buy” rating to a “hold” rating in a research note on Monday, May 14th.

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.

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Institutional Ownership by Quarter for NII (NASDAQ:NIHD)

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