Northern Trust Corp Boosts Position in Boingo Wireless, Inc. (WIFI)

Northern Trust Corp boosted its holdings in Boingo Wireless, Inc. (NASDAQ:WIFI) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 437,087 shares of the technology company’s stock after buying an additional 18,228 shares during the period. Northern Trust Corp owned approximately 1.12% of Boingo Wireless worth $6,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Boingo Wireless by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,806,629 shares of the technology company’s stock valued at $23,468,000 after buying an additional 48,357 shares during the period. Vanguard Group Inc. raised its holdings in Boingo Wireless by 10.8% in the first quarter. Vanguard Group Inc. now owns 1,716,153 shares of the technology company’s stock valued at $22,292,000 after buying an additional 167,407 shares during the period. Russell Investments Group Ltd. raised its holdings in Boingo Wireless by 64.1% in 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 buying an additional 484,061 shares during the period. Rice Hall James & Associates LLC raised its holdings in Boingo Wireless by 22.4% in 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 buying an additional 153,705 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Boingo Wireless by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 544,679 shares of the technology company’s stock valued at $8,148,000 after buying an additional 77,800 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Several research analysts recently commented on WIFI shares. Oppenheimer Holdings, Inc. raised their price target on shares of Boingo Wireless and gave the company an “outperform” rating in a report on Friday, November 3rd. BidaskClub lowered shares of Boingo Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Craig Hallum raised their price target on shares of Boingo Wireless from $20.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Boingo Wireless from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, October 5th. Finally, Jefferies Group LLC raised their price target on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Two investment 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.37.

In other news, CFO Peter Hovenier sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $20.19, for a total transaction of $504,750.00. Following the completion of the sale, the chief financial officer now owns 8,551 shares of the company’s stock, valued at $172,644.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Finley sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $19.34, for a total transaction of $145,050.00. Following the sale, the director now directly owns 52,998 shares of the company’s stock, valued at approximately $1,024,981.32. The disclosure for this sale can be found here. Insiders sold 146,285 shares of company stock valued at $3,003,816 in the last ninety days. 7.70% of the stock is owned by corporate insiders.

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Shares of Boingo Wireless, Inc. (NASDAQ WIFI) opened at $21.79 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.09. Boingo Wireless, Inc. has a 1 year low of $10.46 and a 1 year high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $50.22 million. During the same quarter last year, the company earned ($0.15) earnings per share. Boingo Wireless’s revenue for the quarter was up 31.5% on a year-over-year basis. equities analysts expect that Boingo Wireless, Inc. will post -0.59 EPS for the current fiscal year.

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

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