Chicago Equity Partners LLC purchased a new stake in shares of Boingo Wireless Inc (NASDAQ:WIFI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 15,795 shares of the technology company’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can purchased a new stake in shares of Boingo Wireless during the third quarter valued at approximately $114,000. Legal & General Group Plc increased its position in shares of Boingo Wireless by 3.9% during the second quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock valued at $137,000 after acquiring an additional 341 shares during the last quarter. Royal Bank of Canada increased its position in shares of Boingo Wireless by 1.3% during the second quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock valued at $156,000 after acquiring an additional 135 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Boingo Wireless during the third quarter valued at approximately $229,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Boingo Wireless during the second quarter valued at approximately $237,000. 90.42% of the stock is owned by institutional investors.

A number of analysts recently commented on the company. Zacks Investment Research downgraded Boingo Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer increased their price target on Boingo Wireless and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub raised Boingo Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Roth Capital assumed coverage on Boingo Wireless in a research report on Wednesday, January 17th. They set a “buy” rating and a $29.00 price target for the company. Finally, Jefferies Group increased their price target on Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Boingo Wireless presently has an average rating of “Buy” and a consensus price target of $24.50.

In other Boingo Wireless news, CEO David Hagan sold 19,833 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $22.18, for a total value of $439,895.94. Following the completion of the sale, the chief executive officer now directly owns 606,186 shares of the company’s stock, valued at $13,445,205.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Hovenier sold 25,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $23.12, for a total value of $578,000.00. Following the completion of the sale, the chief financial officer now directly owns 6,029 shares of the company’s stock, valued at $139,390.48. The disclosure for this sale can be found here. Insiders sold 175,770 shares of company stock valued at $4,071,931 over the last three months. Company insiders own 7.70% of the company’s stock.

Shares of Boingo Wireless Inc (NASDAQ:WIFI) opened at $23.31 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. Boingo Wireless Inc has a 52-week low of $10.46 and a 52-week high of $25.99. The stock has a market capitalization of $950.94, a price-to-earnings ratio of -40.19 and a beta of 0.58.

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About Boingo Wireless

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

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

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