Boingo Wireless Inc (WIFI) Holdings Boosted by Millennium Management LLC

Share on StockTwits

Millennium Management LLC grew its position in shares of Boingo Wireless Inc (NASDAQ:WIFI) by 11.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,555 shares of the technology company’s stock after buying an additional 3,931 shares during the quarter. Millennium Management LLC’s holdings in Boingo Wireless were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of WIFI. Macquarie Group Ltd. lifted its position in shares of Boingo Wireless by 75.6% during the 4th quarter. Macquarie Group Ltd. now owns 2,067 shares of the technology company’s stock worth $42,000 after buying an additional 890 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Boingo Wireless by 13.7% during the 4th quarter. Legal & General Group Plc now owns 7,297 shares of the technology company’s stock worth $150,000 after buying an additional 882 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Boingo Wireless by 53.6% during the 4th quarter. NumerixS Investment Technologies Inc now owns 8,600 shares of the technology company’s stock worth $172,000 after buying an additional 3,000 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Boingo Wireless during the 4th quarter worth approximately $173,000. Finally, Affinity Investment Advisors LLC bought a new position in shares of Boingo Wireless during the 4th quarter worth approximately $216,000. 94.00% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Peter Hovenier sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $23.95, for a total transaction of $119,750.00. Following the completion of the sale, the chief financial officer now owns 476,723 shares in the company, valued at approximately $11,417,515.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Hagan sold 15,000 shares of Boingo Wireless stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $24.58, for a total transaction of $368,700.00. Following the completion of the transaction, the chief executive officer now owns 1,163,375 shares of the company’s stock, valued at $28,595,757.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,364 shares of company stock valued at $3,881,071. 3.80% of the stock is currently owned by company insiders.

Several equities analysts have commented on WIFI shares. Northland Securities started coverage on shares of Boingo Wireless in a research report on Monday, April 22nd. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub raised shares of Boingo Wireless from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. William Blair reissued a “buy” rating on shares of Boingo Wireless in a research report on Thursday, March 28th. Roth Capital restated a “buy” rating on shares of Boingo Wireless in a research note on Friday, March 1st. Finally, Craig Hallum restated a “buy” rating and set a $28.00 price target (down previously from $36.00) on shares of Boingo Wireless in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.33.

Shares of WIFI stock opened at $22.34 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.20. Boingo Wireless Inc has a 12-month low of $18.50 and a 12-month high of $35.98. The company has a market cap of $1.00 billion, a PE ratio of -744.67 and a beta of 1.05.

Boingo Wireless (NASDAQ:WIFI) last issued its quarterly earnings results on Wednesday, February 27th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. Boingo Wireless had a negative net margin of 0.49% and a negative return on equity of 1.08%. The company had revenue of $67.81 million during the quarter, compared to analyst estimates of $67.18 million. Equities analysts forecast that Boingo Wireless Inc will post -0.31 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Week Herald and is owned by of Week Herald. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://weekherald.com/2019/05/03/boingo-wireless-inc-wifi-holdings-boosted-by-millennium-management-llc.html.

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 worldwide. The company offers distributed antenna systems and small cell networks at managed and operated locations; high-speed Wi-Fi services for residential consumers on military bases and at multifamily properties; and wholesale Wi-Fi services to network operators, device manufacturers, technology companies, enterprise software and services companies, venue operators, and financial services companies, as well as retail Internet access services.

Recommended Story: Stock Symbols Definition, Examples, Lookup

Want to see what other hedge funds are holding WIFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boingo Wireless Inc (NASDAQ:WIFI).

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

Receive News & Ratings for Boingo Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boingo Wireless and related companies with MarketBeat.com's FREE daily email newsletter.