Barclays PLC Purchases 2,795 Shares of Boingo Wireless Inc (WIFI)

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Barclays PLC lifted its position in shares of Boingo Wireless Inc (NASDAQ:WIFI) by 17.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,926 shares of the technology company’s stock after buying an additional 2,795 shares during the period. Barclays PLC’s holdings in Boingo Wireless were worth $469,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WIFI. Schwab Charles Investment Management Inc. boosted its position in shares of Boingo Wireless by 4.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 192,350 shares of the technology company’s stock worth $4,328,000 after buying an additional 8,309 shares during the period. Aperio Group LLC boosted its position in shares of Boingo Wireless by 24.3% during the fourth quarter. Aperio Group LLC now owns 16,536 shares of the technology company’s stock worth $372,000 after buying an additional 3,230 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Boingo Wireless during the fourth quarter worth about $278,000. Swiss National Bank boosted its position in shares of Boingo Wireless by 7.1% during the fourth quarter. Swiss National Bank now owns 61,550 shares of the technology company’s stock worth $1,385,000 after buying an additional 4,100 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Boingo Wireless by 100.5% during the fourth quarter. Wells Fargo & Company MN now owns 128,452 shares of the technology company’s stock valued at $2,890,000 after purchasing an additional 64,393 shares during the last quarter. 91.42% of the stock is owned by institutional investors.

In other news, CFO Peter Hovenier sold 20,730 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $24.45, for a total value of $506,848.50. Following the completion of the sale, the chief financial officer now directly owns 19,000 shares of the company’s stock, valued at $464,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Hagan sold 59,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $25.15, for a total value of $1,496,425.00. Following the completion of the sale, the chief executive officer now directly owns 684,870 shares of the company’s stock, valued at $17,224,480.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,729 shares of company stock valued at $8,981,832. Insiders own 3.80% of the company’s stock.

Several research analysts recently commented on WIFI shares. ValuEngine cut Boingo Wireless from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 22nd. William Blair reissued an “outperform” rating on shares of Boingo Wireless in a research report on Monday, March 12th. Zacks Investment Research raised Boingo Wireless from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, March 8th. Finally, BidaskClub cut Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Saturday, April 28th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.63.

Shares of NASDAQ WIFI opened at $22.59 on Monday. Boingo Wireless Inc has a 52 week low of $14.33 and a 52 week high of $28.34. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.07. The company has a market cap of $944.62 million, a P/E ratio of -46.10 and a beta of 0.55.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Thursday, May 3rd. The technology company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.09. Boingo Wireless had a negative return on equity of 15.98% and a negative net margin of 7.13%. The firm had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $52.07 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. equities research analysts anticipate that Boingo Wireless Inc will post -0.43 EPS for the current year.

About Boingo Wireless

Boingo Wireless, Inc, together with its subsidiaries, provides wireless connectivity solutions for smartphones, tablets, laptops, wearables, and other wireless-enabled consumer devices. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.

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

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