Teachers Advisors LLC raised its position in Boingo Wireless, Inc. (NASDAQ:WIFI) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,931 shares of the technology company’s stock after buying an additional 2,664 shares during the period. Teachers Advisors LLC owned 0.25% of Boingo Wireless worth $1,259,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. American International Group Inc. raised its stake in shares of Boingo Wireless by 7.1% in the first quarter. American International Group Inc. now owns 21,925 shares of the technology company’s stock worth $285,000 after buying an additional 1,444 shares during the last quarter. Blair William & Co. IL raised its stake in shares of Boingo Wireless by 1.1% in the first quarter. Blair William & Co. IL now owns 92,375 shares of the technology company’s stock worth $1,008,000 after buying an additional 1,000 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Boingo Wireless by 68.8% in the first quarter. Schroder Investment Management Group now owns 31,049 shares of the technology company’s stock worth $406,000 after buying an additional 12,650 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Boingo Wireless by 3.7% in the first quarter. Stifel Financial Corp now owns 15,778 shares of the technology company’s stock worth $205,000 after buying an additional 559 shares during the last quarter. Finally, Millrace Asset Group Inc. raised its stake in shares of Boingo Wireless by 6.6% in the first quarter. Millrace Asset Group Inc. now owns 138,200 shares of the technology company’s stock worth $1,795,000 after buying an additional 8,496 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Boingo Wireless, Inc. (NASDAQ:WIFI) traded down 0.20% during trading on Tuesday, hitting $20.25. The stock had a trading volume of 67,359 shares. The company has a 50 day moving average of $16.93 and a 200-day moving average of $14.70. Boingo Wireless, Inc. has a 12-month low of $8.15 and a 12-month high of $20.40. The company’s market cap is $812.21 million.

Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.03. The company had revenue of $49 million during the quarter, compared to analyst estimates of $46.23 million. Boingo Wireless had a negative net margin of 13.85% and a negative return on equity of 25.82%. Boingo Wireless’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) EPS. On average, equities analysts predict that Boingo Wireless, Inc. will post ($0.64) EPS for the current year.

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A number of brokerages have issued reports on WIFI. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $24.00 price target (up from $18.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price target (up from $17.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. ValuEngine raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Ladenburg Thalmann Financial Services raised their price target on Boingo Wireless from $16.85 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, May 25th. Finally, Credit Suisse Group raised their price target on Boingo Wireless from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $17.93.

In related news, Director Michael Finley sold 7,500 shares of Boingo Wireless stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $19.34, for a total value of $145,050.00. Following the sale, the director now owns 52,998 shares of the company’s stock, valued at $1,024,981.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Tom Tracey sold 10,000 shares of Boingo Wireless stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $16.87, for a total value of $168,700.00. Following the completion of the sale, the vice president now directly owns 40,022 shares in the company, valued at approximately $675,171.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 983,028 shares of company stock worth $15,532,412. 7.70% of the stock is owned by company insiders.

About Boingo Wireless

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

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

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