Boingo Wireless Inc (NASDAQ:WIFI) Shares Sold by KAMES CAPITAL plc

KAMES CAPITAL plc lessened its stake in Boingo Wireless Inc (NASDAQ:WIFI) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 555,888 shares of the technology company’s stock after selling 72,433 shares during the period. KAMES CAPITAL plc’s holdings in Boingo Wireless were worth $6,170,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WIFI. Nordea Investment Management AB increased its position in Boingo Wireless by 1.6% in the 1st quarter. Nordea Investment Management AB now owns 171,658 shares of the technology company’s stock valued at $3,996,000 after acquiring an additional 2,718 shares during the period. FMR LLC increased its position in Boingo Wireless by 59.6% in the 1st quarter. FMR LLC now owns 6,308,084 shares of the technology company’s stock valued at $146,853,000 after acquiring an additional 2,354,550 shares during the period. New Jersey Better Educational Savings Trust increased its position in Boingo Wireless by 7.7% in the 2nd quarter. New Jersey Better Educational Savings Trust now owns 14,000 shares of the technology company’s stock valued at $252,000 after acquiring an additional 1,000 shares during the period. Handelsbanken Fonder AB increased its position in Boingo Wireless by 249.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,922,000 shares of the technology company’s stock valued at $34,538,000 after acquiring an additional 1,372,000 shares during the period. Finally, Falcon Point Capital LLC increased its position in Boingo Wireless by 1.6% in the 2nd quarter. Falcon Point Capital LLC now owns 174,670 shares of the technology company’s stock valued at $3,139,000 after acquiring an additional 2,717 shares during the period.

Several brokerages recently issued reports on WIFI. Zacks Investment Research cut Boingo Wireless from a “strong-buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Saturday, October 5th. Northland Securities reaffirmed a “buy” rating on shares of Boingo Wireless in a report on Friday, August 2nd. ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. William Blair reaffirmed a “buy” rating on shares of Boingo Wireless in a report on Friday, October 11th. Finally, Credit Suisse Group set a $28.00 price objective on Boingo Wireless and gave the company a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.14.

WIFI traded up $0.20 during trading on Monday, reaching $9.60. The company’s stock had a trading volume of 24,023 shares, compared to its average volume of 643,627. Boingo Wireless Inc has a 52-week low of $9.06 and a 52-week high of $33.78. The company’s fifty day moving average price is $11.59 and its 200-day moving average price is $17.05. The company has a market capitalization of $414.63 million, a price-to-earnings ratio of -318.67 and a beta of 1.01. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.00 and a current ratio of 1.00.

In other news, CTO Derek Peterson sold 10,715 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $14.02, for a total transaction of $150,224.30. Following the sale, the chief technology officer now owns 48,911 shares of the company’s stock, valued at approximately $685,732.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter Hovenier sold 3,098 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $15.00, for a total value of $46,470.00. Following the sale, the chief financial officer now directly owns 380,711 shares in the company, valued at approximately $5,710,665. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by insiders.

Boingo Wireless Profile

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

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Institutional Ownership by Quarter for Boingo Wireless (NASDAQ:WIFI)

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