Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Crazy About Boingo Wireless Inc (WIFI)

The 700+ hedge funds and money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund positions. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Boingo Wireless Inc (NASDAQ:WIFI).

Boingo Wireless Inc (NASDAQ:WIFI) was in 18 hedge funds’ portfolios at the end of the third quarter of 2015. Boingo Wireless Inc (NASDAQ:WIFI) has seen an increase in the hedge fund interest of late. There were 14 hedge funds in our database with Boingo Wireless Inc (NASDAQ:WIFI) positions at the end of the previous quarter. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity, but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as Alliance Fiber Optic Products Inc (NASDAQ:AFOP), Checkpoint Systems, Inc. (NYSE:CKP), and Carbonite Inc (NASDAQ:CARB) to gather more data points.

Follow Boingo Wireless Inc. (NASDAQ:WIFI)
Trade (NASDAQ:WIFI) Now!

In the eyes of most investors, hedge funds are assumed to be unimportant, outdated financial vehicles of the past. While there are greater than 8000 funds trading at the moment, We look at the leaders of this club, approximately 700 funds. Most estimates calculate that this group of people directs the bulk of all hedge funds’ total capital, and by watching their first-class investments, Insider Monkey has unearthed several investment strategies that have historically defeated the market. Insider Monkey’s small-cap hedge fund strategy outperformed the S&P 500 index by 12 percentage points per annum for a decade in their back tests.

With all of this in mind, let’s check out the fresh action encompassing Boingo Wireless Inc (NASDAQ:WIFI).

How have hedgies been trading Boingo Wireless Inc (NASDAQ:WIFI)?

At the end of September, a total of 18 of the hedge funds tracked by Insider Monkey were bullish on this stock, an increase of 29% from one quarter earlier. With hedgies’ capital changing hands, there exists a few noteworthy hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Park West Asset Management, managed by Peter S. Park, holds the biggest position in Boingo Wireless Inc (NASDAQ:WIFI). Park West Asset Management has a $8.3 million position in the stock, comprising 0.8% of its 13F portfolio. On Park West Asset Management’s heels is Amy Minella of Cardinal Capital, with a $7.9 million position; 0.5% of its 13F portfolio is allocated to the company. Remaining peers that hold long positions encompass Renaissance Technologies, Charles Paquelet’s Skylands Capital and Paul Solit’s Potomac Capital Management.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.