Hood River Capital Management LLC increased its holdings in Boingo Wireless, Inc. (NASDAQ:WIFI) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,065,768 shares of the technology company’s stock after purchasing an additional 22,549 shares during the quarter. Boingo Wireless makes up 1.4% of Hood River Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Hood River Capital Management LLC owned approximately 2.61% of Boingo Wireless worth $22,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in Boingo Wireless by 20.1% during the second quarter. Renaissance Technologies LLC now owns 2,330,200 shares of the technology company’s stock valued at $34,860,000 after acquiring an additional 389,195 shares during the last quarter. Vanguard Group Inc. boosted its position in Boingo Wireless by 19.0% during the second quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after acquiring an additional 326,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Boingo Wireless by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,952,425 shares of the technology company’s stock valued at $29,209,000 after acquiring an additional 145,796 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Boingo Wireless by 64.1% during the second quarter. Russell Investments Group Ltd. now owns 1,239,122 shares of the technology company’s stock valued at $18,538,000 after acquiring an additional 484,061 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in Boingo Wireless by 22.4% during the second quarter. Rice Hall James & Associates LLC now owns 838,974 shares of the technology company’s stock valued at $12,551,000 after acquiring an additional 153,705 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Peter Hovenier sold 18,552 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.31, for a total value of $395,343.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Derek Peterson sold 50,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $20.80, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 60,496 shares in the company, valued at approximately $1,258,316.80. The disclosure for this sale can be found here. Insiders sold a total of 146,285 shares of company stock worth $3,003,816 in the last 90 days. 7.70% of the stock is currently owned by company insiders.

A number of brokerages have commented on WIFI. Oppenheimer Holdings, Inc. upped their price target on shares of Boingo Wireless and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group LLC increased their price objective on shares of Boingo Wireless from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group increased their price objective on shares of Boingo Wireless from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Craig Hallum increased their price objective on shares of Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.04.

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Boingo Wireless, Inc. (NASDAQ WIFI) traded up $0.67 during mid-day trading on Thursday, hitting $22.18. 1,231,700 shares of the stock were exchanged, compared to its average volume of 338,058. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless, Inc. has a one year low of $10.46 and a one year high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The company had revenue of $53.66 million for the quarter, compared to analyst estimates of $50.22 million. During the same quarter in the prior year, the business posted ($0.15) EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. sell-side analysts expect that Boingo Wireless, Inc. will post -0.59 EPS for the current fiscal year.

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.

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

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