Boingo Wireless Inc (NASDAQ:WIFI) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of Boingo Wireless Inc (NASDAQ:WIFI) by 91.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,062 shares of the technology company’s stock after selling 172,944 shares during the period. AQR Capital Management LLC’s holdings in Boingo Wireless were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mission Wealth Management LP acquired a new position in shares of Boingo Wireless in the first quarter worth about $240,000. Marshall Wace LLP raised its position in shares of Boingo Wireless by 32.0% in the first quarter. Marshall Wace LLP now owns 300,019 shares of the technology company’s stock worth $6,984,000 after acquiring an additional 72,662 shares during the period. Marshall Wace North America L.P. raised its position in shares of Boingo Wireless by 509.4% in the first quarter. Marshall Wace North America L.P. now owns 243,328 shares of the technology company’s stock worth $5,665,000 after acquiring an additional 203,401 shares during the period. Nordea Investment Management AB raised its position in shares of Boingo Wireless by 1.6% in the first quarter. Nordea Investment Management AB now owns 171,658 shares of the technology company’s stock worth $3,996,000 after acquiring an additional 2,718 shares during the period. Finally, FMR LLC raised its position in shares of Boingo Wireless by 59.6% in the first quarter. FMR LLC now owns 6,308,084 shares of the technology company’s stock worth $146,853,000 after acquiring an additional 2,354,550 shares during the period.

A number of research analysts have weighed in on the stock. Credit Suisse Group set a $28.00 price objective on shares of Boingo Wireless and gave the stock a “buy” rating in a research report on Friday, August 2nd. Craig Hallum decreased their price objective on shares of Boingo Wireless from $29.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Northland Securities reiterated a “buy” rating on shares of Boingo Wireless in a research report on Friday, August 2nd. BidaskClub downgraded shares of Boingo Wireless from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 29th. Finally, Zacks Investment Research downgraded shares of Boingo Wireless from a “strong-buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a research report on Saturday, October 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Boingo Wireless presently has an average rating of “Buy” and a consensus target price of $27.88.

WIFI stock opened at $9.49 on Friday. The stock has a market capitalization of $418.39 million, a P/E ratio of -316.17 and a beta of 1.01. The firm has a 50-day simple moving average of $11.97 and a 200-day simple moving average of $17.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.88. Boingo Wireless Inc has a 52 week low of $9.24 and a 52 week high of $33.79.

In other news, CTO Derek Peterson sold 10,715 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $14.02, for a total transaction of $150,224.30. Following the completion of the sale, the chief technology officer now owns 48,911 shares of the company’s stock, valued at $685,732.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Finley bought 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $11.00 per share, with a total value of $110,000.00. Following the purchase, the chief executive officer now directly owns 61,873 shares of the company’s stock, valued at $680,603. The disclosure for this purchase can be found here. Insiders have sold 149,941 shares of company stock valued at $2,657,472 in the last three months. Corporate insiders own 3.80% of the company’s stock.

Boingo Wireless Company Profile

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.

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

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