Northern Trust Corp lifted its position in Boingo Wireless Inc (NASDAQ:WIFI) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 569,987 shares of the technology company’s stock after buying an additional 4,210 shares during the quarter. Northern Trust Corp’s holdings in Boingo Wireless were worth $11,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WIFI. FMR LLC bought a new stake in Boingo Wireless during the third quarter worth approximately $103,292,000. Bank of Montreal Can boosted its position in Boingo Wireless by 2,090.1% during the fourth quarter. Bank of Montreal Can now owns 230,463 shares of the technology company’s stock worth $4,740,000 after purchasing an additional 219,940 shares during the period. Vanguard Group Inc boosted its position in Boingo Wireless by 7.0% during the third quarter. Vanguard Group Inc now owns 3,304,762 shares of the technology company’s stock worth $115,336,000 after purchasing an additional 217,283 shares during the period. Vanguard Group Inc. boosted its position in Boingo Wireless by 7.0% during the third quarter. Vanguard Group Inc. now owns 3,304,762 shares of the technology company’s stock worth $115,336,000 after purchasing an additional 217,283 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Boingo Wireless by 17.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,203,235 shares of the technology company’s stock worth $24,751,000 after purchasing an additional 179,165 shares during the period. 93.84% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ WIFI opened at $25.72 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $1.10 billion, a P/E ratio of -857.33 and a beta of 1.09. Boingo Wireless Inc has a one year low of $18.50 and a one year high of $35.98.

In related news, CEO David Hagan sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.56, for a total value of $308,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,133,375 shares in the company, valued at $23,302,190. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Hovenier sold 10,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, 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. Insiders sold 160,000 shares of company stock valued at $3,804,800 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

A number of equities research analysts have issued reports on WIFI shares. ValuEngine cut Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Boingo Wireless in a research report on Monday, January 28th. BidaskClub cut Boingo Wireless from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Boingo Wireless in a research report on Friday, February 22nd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $28.00 target price (down previously from $36.00) on shares of Boingo Wireless in a research report on Thursday, February 28th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $34.11.

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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 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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