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.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!