Blair William & Co. IL lowered its holdings in Boingo Wireless Inc (NASDAQ:WIFI) by 14.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,475 shares of the technology company’s stock after selling 8,250 shares during the quarter. Blair William & Co. IL owned 0.12% of Boingo Wireless worth $1,762,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Boingo Wireless by 1.3% in the 3rd quarter. BlackRock Inc. now owns 3,269,302 shares of the technology company’s stock valued at $114,097,000 after buying an additional 40,875 shares during the period. FMR LLC purchased a new stake in shares of Boingo Wireless in the 3rd quarter valued at $103,292,000. Bank of New York Mellon Corp raised its holdings in shares of Boingo Wireless by 17.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,572,857 shares of the technology company’s stock valued at $35,531,000 after buying an additional 230,914 shares during the period. Voya Investment Management LLC raised its holdings in shares of Boingo Wireless by 65.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,352,431 shares of the technology company’s stock valued at $30,551,000 after buying an additional 535,694 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Boingo Wireless by 6.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,024,070 shares of the technology company’s stock valued at $35,741,000 after buying an additional 57,690 shares during the period. Institutional investors own 92.48% of the company’s stock.

In related news, CEO David Hagan sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $25.53, for a total transaction of $382,950.00. Following the completion of the transaction, the chief executive officer now directly owns 521,314 shares of the company’s stock, valued at approximately $13,309,146.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Hovenier sold 4,461 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $33.51, for a total value of $149,488.11. Following the transaction, the chief financial officer now directly owns 22,200 shares of the company’s stock, valued at $743,922. The disclosure for this sale can be found here. Insiders have sold a total of 128,794 shares of company stock valued at $4,092,415 over the last three months. 3.80% of the stock is currently owned by insiders.

WIFI has been the topic of several research analyst reports. Zacks Investment Research upgraded Boingo Wireless from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, November 6th. ValuEngine downgraded Boingo Wireless from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Boingo Wireless in a report on Tuesday, November 13th. Craig Hallum boosted their price objective on Boingo Wireless from $31.00 to $38.00 and gave the company a “buy” rating in a report on Friday, September 7th. Finally, BidaskClub downgraded Boingo Wireless from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.63.

WIFI opened at $24.45 on Friday. Boingo Wireless Inc has a 12 month low of $20.02 and a 12 month high of $35.98. The firm has a market cap of $1.03 billion, a P/E ratio of -49.90 and a beta of 0.79. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Boingo Wireless (NASDAQ:WIFI) last released its earnings results on Thursday, November 1st. The technology company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. Boingo Wireless had a negative return on equity of 2.53% and a negative net margin of 1.10%. The firm had revenue of $65.25 million during the quarter, compared to analysts’ expectations of $63.32 million. During the same period in the previous year, the firm posted ($0.09) EPS. Boingo Wireless’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, research analysts forecast that Boingo Wireless Inc will post -0.12 EPS for the current fiscal year.

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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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