Is NII Holdings, Inc. (NASDAQ:NIHD) Going to Burn These Hedge Funds?

Is NII Holdings, Inc. (NASDAQ:NIHD) a marvelous stock to buy now? The best stock pickers are reducing their bets on the stock. The number of bullish hedge fund bets decreased by 2 in recent months.

NII Holdings, Inc. (NASDAQ:NIHD)

In today’s marketplace, there are dozens of methods market participants can use to watch Mr. Market. Two of the most useful are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can trounce their index-focused peers by a very impressive amount (see just how much).

Equally as key, positive insider trading sentiment is another way to parse down the financial markets. As the old adage goes: there are lots of motivations for an insider to cut shares of his or her company, but just one, very simple reason why they would buy. Various empirical studies have demonstrated the impressive potential of this method if “monkeys” understand where to look (learn more here).

With all of this in mind, we’re going to take a gander at the key action encompassing NII Holdings, Inc. (NASDAQ:NIHD).

What have hedge funds been doing with NII Holdings, Inc. (NASDAQ:NIHD)?

In preparation for this year, a total of 18 of the hedge funds we track were long in this stock, a change of -10% from the previous quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes substantially.

Of the funds we track, Discovery Capital Management, managed by Rob Citrone, holds the biggest position in NII Holdings, Inc. (NASDAQ:NIHD). Discovery Capital Management has a $72 million position in the stock, comprising 1% of its 13F portfolio. On Discovery Capital Management’s heels is Philippe Laffont of Coatue Management, with a $52 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Some other hedgies with similar optimism include Robert Pitts’s Steadfast Capital Management, Mario Gabelli’s GAMCO Investors and Thomas E. Claugus’s GMT Capital.

Due to the fact that NII Holdings, Inc. (NASDAQ:NIHD) has experienced falling interest from hedge fund managers, we can see that there is a sect of funds that elected to cut their full holdings in Q4. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital dumped the biggest stake of all the hedgies we track, comprising close to $12 million in stock.. Paul Hudson’s fund, Glade Brook Capital Partners, also cut its call options., about $6 million worth. These transactions are interesting, as total hedge fund interest was cut by 2 funds in Q4.

How have insiders been trading NII Holdings, Inc. (NASDAQ:NIHD)?

Insider buying is at its handiest when the company in focus has experienced transactions within the past half-year. Over the latest 180-day time period, NII Holdings, Inc. (NASDAQ:NIHD) has experienced 2 unique insiders buying, and zero insider sales (see the details of insider trades here).

With the returns shown by Insider Monkey’s studies, retail investors should always keep an eye on hedge fund and insider trading activity, and NII Holdings, Inc. (NASDAQ:NIHD) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!