MetLife Investment Advisors LLC lifted its position in shares of Boingo Wireless Inc (NASDAQ:WIFI) by 58.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,512 shares of the technology company’s stock after acquiring an additional 10,122 shares during the quarter. MetLife Investment Advisors LLC owned 0.06% of Boingo Wireless worth $960,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Boingo Wireless by 1.3% during the third quarter. BlackRock Inc. now owns 3,269,302 shares of the technology company’s stock worth $114,097,000 after acquiring an additional 40,875 shares during the period. FMR LLC acquired a new position in shares of Boingo Wireless during the third quarter worth about $103,292,000. Bank of New York Mellon Corp increased its stake in shares of Boingo Wireless by 17.2% during the second quarter. Bank of New York Mellon Corp now owns 1,572,857 shares of the technology company’s stock worth $35,531,000 after acquiring an additional 230,914 shares during the period. Voya Investment Management LLC increased its stake in shares of Boingo Wireless by 65.6% during the second quarter. Voya Investment Management LLC now owns 1,352,431 shares of the technology company’s stock worth $30,551,000 after acquiring an additional 535,694 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Boingo Wireless by 6.0% during the third quarter. Victory Capital Management Inc. now owns 1,024,070 shares of the technology company’s stock worth $35,741,000 after acquiring an additional 57,690 shares during the period. Institutional investors and hedge funds own 92.47% of the company’s stock.
In other Boingo Wireless news, CEO David Hagan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $23.76, for a total value of $356,400.00. Following the sale, the chief executive officer now owns 515,401 shares of the company’s stock, valued at $12,245,927.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.
WIFI stock opened at $22.28 on Friday. The stock has a market cap of $963.72 million, a P/E ratio of -45.47 and a beta of 1.02. Boingo Wireless Inc has a 52 week low of $18.50 and a 52 week high of $35.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.
Boingo Wireless (NASDAQ:WIFI) last released its quarterly earnings data on Thursday, November 1st. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. The firm had revenue of $65.25 million for the quarter, compared to the consensus estimate of $63.32 million. Boingo Wireless had a negative net margin of 1.10% and a negative return on equity of 2.53%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, equities analysts predict that Boingo Wireless Inc will post -0.14 earnings per share for the current year.
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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. It designs, builds, monitors, and maintains distributed antenna systems (DAS), Wi-Fi, and small cell networks at managed and operated hotspot locations, such as airports, transportation hubs, stadiums, arenas, military bases, universities, convention centers, and office campuses in North America, Latin America, Europe, the Middle East, Africa, and Asia; and offers software applications and solutions to access its Wi-Fi network of approximately 1.5 million hotspots.
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