KAMES CAPITAL plc increased its position in shares of Boingo Wireless Inc (NASDAQ:WIFI) by 61.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,722 shares of the technology company’s stock after acquiring an additional 18,221 shares during the period. KAMES CAPITAL plc owned approximately 0.11% of Boingo Wireless worth $1,111,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in WIFI. American Century Companies Inc. acquired a new position in Boingo Wireless in the fourth quarter worth $1,524,000. Geode Capital Management LLC boosted its holdings in shares of Boingo Wireless by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 489,743 shares of the technology company’s stock valued at $10,074,000 after acquiring an additional 41,401 shares in the last quarter. FMR LLC lifted its holdings in Boingo Wireless by 33.6% during the 4th quarter. FMR LLC now owns 3,953,534 shares of the technology company’s stock worth $81,325,000 after buying an additional 993,899 shares during the period. Nordea Investment Management AB lifted its holdings in Boingo Wireless by 20.0% during the 4th quarter. Nordea Investment Management AB now owns 168,940 shares of the technology company’s stock worth $3,475,000 after buying an additional 28,188 shares during the period. Finally, Millennium Management LLC lifted its holdings in Boingo Wireless by 11.4% during the 4th quarter. Millennium Management LLC now owns 38,555 shares of the technology company’s stock worth $793,000 after buying an additional 3,931 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

In other Boingo Wireless news, CEO David Hagan sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 11th. The shares were sold at an average price of $22.28, for a total value of $668,400.00. Following the completion of the sale, the chief executive officer now directly owns 490,314 shares in the company, valued at $10,924,195.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Hovenier sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief financial officer now owns 390,723 shares of the company’s stock, valued at $9,768,075. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,000 shares of company stock valued at $3,804,800. 3.80% of the stock is currently owned by company insiders.

Several research analysts have commented on WIFI shares. Craig Hallum reaffirmed a “buy” rating and set a $28.00 target price (down from $36.00) on shares of Boingo Wireless in a report on Thursday, February 28th. William Blair reaffirmed a “buy” rating on shares of Boingo Wireless in a report on Thursday, March 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Boingo Wireless in a report on Monday, January 28th. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine downgraded Boingo Wireless from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.11.

Boingo Wireless stock opened at $25.72 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.12 billion, a PE ratio of -857.33 and a beta of 1.09. Boingo Wireless Inc has a 1-year low of $18.50 and a 1-year high of $35.98.

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Boingo Wireless 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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