Boingo Wireless, Inc. (WIFI) Holdings Boosted by Aperio Group LLC
Aperio Group LLC boosted its holdings in Boingo Wireless, Inc. (NASDAQ:WIFI) by 21.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,306 shares of the technology company’s stock after buying an additional 2,342 shares during the quarter. Aperio Group LLC’s holdings in Boingo Wireless were worth $284,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Gotham Asset Management LLC bought a new stake in shares of Boingo Wireless during the 2nd quarter valued at about $237,000. Hood River Capital Management LLC grew its stake in shares of Boingo Wireless by 58.1% during the 2nd quarter. Hood River Capital Management LLC now owns 1,043,219 shares of the technology company’s stock valued at $15,607,000 after purchasing an additional 383,174 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Boingo Wireless by 22.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 63,100 shares of the technology company’s stock valued at $944,000 after purchasing an additional 11,600 shares during the period. New York State Common Retirement Fund grew its stake in shares of Boingo Wireless by 44.9% during the 2nd quarter. New York State Common Retirement Fund now owns 92,192 shares of the technology company’s stock valued at $1,379,000 after purchasing an additional 28,552 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Boingo Wireless by 19.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,042,944 shares of the technology company’s stock valued at $30,563,000 after purchasing an additional 326,791 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on WIFI shares. Craig Hallum boosted their price target on Boingo Wireless from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. boosted their price target on Boingo Wireless and gave the company an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group LLC restated a “buy” rating and set a $20.00 price target (up from $17.00) on shares of Boingo Wireless in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, October 5th. Finally, Credit Suisse Group boosted their price target on Boingo Wireless from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.04.
Boingo Wireless (NASDAQ:WIFI) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.04. The company had revenue of $53.66 million during the quarter, compared to the consensus estimate of $50.22 million. Boingo Wireless had a negative return on equity of 23.62% and a negative net margin of 11.75%. The firm’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) EPS. research analysts predict that Boingo Wireless, Inc. will post -0.58 earnings per share for the current fiscal year.
In related news, VP Tom Tracey sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.45, for a total transaction of $204,500.00. Following the completion of the transaction, the vice president now directly owns 34,868 shares in the company, valued at approximately $713,050.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Peter Hovenier sold 35,233 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $20.27, for a total value of $714,172.91. Following the transaction, the chief financial officer now owns 8,551 shares of the company’s stock, valued at $173,328.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,785 shares of company stock valued at $3,204,266. 7.70% of the stock is currently owned by corporate insiders.
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Boingo Wireless Profile
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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