Boingo Wireless INC (WIFI) Shareholder Hood River Capital Management LLC Increased Its Stake as Shares Declined

June 27, 2018 - By Charla Downs

Boingo Wireless, Inc. (NASDAQ:WIFI) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.92. That’s change of 1.00, from 2017Q4’s 1.92. 17 investors sold all, 57 reduced holdings as WIFI ratio turned negative. 44 rose holdings while 24 funds bought holdings. Funds hold 36.12 million shares thus 2.72% more from 2017Q4’s 35.16 million shares. Aperio Gru Llc stated it has 18,473 shs or 0% of all its holdings. Blair William & Il owns 58,525 shs. Rice Hall James And Associates Ltd Limited Liability Company holds 828,518 shs. Wellington Mgmt Gru Llp accumulated 107,668 shs. Schwab Charles Inv Management stated it has 0% in Boingo Wireless, Inc. (NASDAQ:WIFI). Lazard Asset Limited Co holds 0% or 66,500 shs. Nordea Investment Mngmt Ab, a Sweden-based fund reported 109,764 shs. 1492 Capital Mngmt Limited Liability stated it has 5.34% in Boingo Wireless, Inc. (NASDAQ:WIFI). The Massachusetts-based Acadian Asset Mngmt Ltd Liability Co has invested 0.01% in Boingo Wireless, Inc. (NASDAQ:WIFI). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 2,082 shs. Amundi Pioneer Asset Mgmt has invested 0% in Boingo Wireless, Inc. (NASDAQ:WIFI). J Goldman And LP reported 0.07% in Boingo Wireless, Inc. (NASDAQ:WIFI). Wells Fargo And Mn owns 80,456 shs or 0% of their US capital. Peak6 Invs LP reported 6,748 shs or 0% of all its holdings. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt Corporation accumulated 15,800 shs.

WIFI had 14 insider sales and 0 insider buys since January 16, 2018. This’s net activity of $15.22 million. $1.22M worth of Boingo Wireless, Inc. (NASDAQ:WIFI) was sold by Callahan Dawn. 59,500 shs were sold by Hagan David, worth $1.50M on Thursday, February 22. Finley Michael had sold 6,993 shs worth $193,776. On Thursday, June 14 $506,859 worth of stock was sold by Hovenier Peter. Peterson Derek also sold $668,007 worth of Boingo Wireless, Inc. (NASDAQ:WIFI) shs. $1.29M worth of stock was sold by Tracey Tom on Thursday, March 1.

Based on the latest 2018Q1 regulatory filing with the SEC, Hood River Capital Management Llc upped its holdings in Boingo Wireless Inc (WIFI) by 22.41%. The company’s stock sank 20.20% while Hood River Capital Management Llc bought 258,883 shares. At the end of 2018Q1, the 1.41M shares of the consumer services company held by the institutional investor were priced at $35.03 million, up from 1.16M at the end of the previous reported quarter. Boingo Wireless Inc has $927.90 million market cap. The stock decreased 0.49% or $0.11 during the last trading session, reaching $22.19.Currently Boingo Wireless, Inc. is uptrending after 31.53% change in last June 27, 2017. WIFI has also 13,420 shares volume. WIFI outperformed by 18.96% the S&P500.

About $698.72M and $1.78 billion US Long portfolio Hood River Capital Management Llc operates. Its stake in Chegg Inc (NYSE:CHGG) was decreased by 293,007 shares to 825,595 shares valued at $17.06M in 2018Q1, according to the filing. For a total of 94,932 shares it reduced its holding in Logmein Inc (NASDAQ:LOGM) by 43,642 shares in the quarter, and has cut its stake in Eldorado Resort (NASDAQ:ERI).

There’s a substantial Boingo Wireless, Inc. (NASDAQ:WIFI) news published by Nasdaq.com. It’s an item titled: “Boingo Wireless Announces Participation at William Blair’s 38th Annual Growth Stock Conference” on June 02, 2018.

Boingo Wireless, Inc. (NASDAQ:WIFI) Ratings Coverage

In total 5 analysts cover Boingo Wireless Inc (NASDAQ:WIFI). “Buy” rating has 5, “Sell” are 0, while 0 are “Hold”. 100% are bullish. With $32 highest and $28.5 lowest price target Boingo Wireless Inc has $29.90 average price target or 34.75% above the current ($22.19) price. 7 are the (NASDAQ:WIFI)’s analyst reports since January 17, 2018 according to StockzIntelligence Inc. On Wednesday, January 17 Roth Capital initiated Boingo Wireless, Inc. (NASDAQ:WIFI) with “Buy” rating. On Wednesday, April 11 the stock of Boingo Wireless, Inc. (NASDAQ:WIFI) earned “Buy” rating by Oppenheimer. In Wednesday, February 28 report Oppenheimer maintained the stock with “Buy” rating. On Wednesday, February 28 the rating was maintained by Craig Hallum with “Buy”. In Wednesday, February 28 report Northland Capital maintained it with “Buy” rating and $28.5 target. On Friday, May 4 Oppenheimer maintained Boingo Wireless, Inc. (NASDAQ:WIFI) with “Buy” rating. The company rating was maintained by Credit Suisse on Wednesday, February 28.

Boingo Wireless, Inc. (NASDAQ:WIFI) Analyst Ratings Chart

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