How NII Holdings, Inc. (NIHD) Stacks Up Against Its Peers

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that got rid of their entire stakes in the stock during the third quarter. It’s worth mentioning that Steven Tananbaum’s GoldenTree Asset Management got rid of the biggest stake of all the investors followed by Insider Monkey, totaling close to $4.5 million in stock, and John Overdeck and David Siegel’s Two Sigma Advisors was right behind this move, as the fund dumped about $0.2 million worth of shares.

Let’s now take a look at hedge fund activity in other stocks similar to NII Holdings, Inc. (NASDAQ:NIHD). These stocks are NV5 Holdings Inc (NASDAQ:NVEE), Sinovac Biotech Ltd. (NASDAQ:SVA), CommunityOne Bancorp (NASDAQ:COB), and Bill Barrett Corporation (NYSE:BBG). This group of stocks’ market valuations match NIHD’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NVEE 7 24845 -3
SVA 6 25685 2
COB 4 6520 0
BBG 19 87696 0

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $36 million. That figure was $54 million in NIHD’s case. Bill Barrett Corporation (NYSE:BBG) is the most popular stock in this table. On the other hand CommunityOne Bancorp (NASDAQ:COB) is the least popular one with only 4 bullish hedge fund positions. NII Holdings, Inc. (NASDAQ:NIHD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard BBG might be a better candidate to consider taking a long position in.

Disclosure: None