Ruckus Wireless Inc (RKUS): When Ken Griffin Buys 5.4% of a Company, You Better Pay Attention

Ruckus Wireless Inc (NYSE:RKUS) recently announced its project to create more than 300 ‘Smart Stations’ in China using its WiFi products. The project is in collaboration with Smartac Group China Holdings Limited, one of the most experienced mobile internet gateway providers in China. The goal is to not only to provide fast wireless internet to passengers, but also to provide railway station operators with real-time passenger data. Deployments of Ruckus Smart WiFi networks to 105 stations have already been completed, one at Beijing Railway Bureau station, 100 at Guangzhou Railway (Group) Corporation stations, and four at Lanzhou Railway Bureau stations.

So far this year Ruckus’ stock has slid by nearly 8% which is still better than the computer systems industry, which is down by almost 15% during the same period. Just at the end of last month, one of Ruckus Wireless Inc (NYSE:RKUS)’s co-founders, Chief Technology Officer Bill Kish, resigned and also stepped down from the board.

Among the over 700 active hedge funds that we track, the interest in Ruckus Wireless Inc (NYSE:RKUS) has significantly increased over the course of the first quarter, as 31 firms had invested $128.44 million in the company at the end of March as compared to 19 funds with $51.60 million invested as of the end of 2014. John W. Rogers‘ Ariel Investments and Bruce Kovner‘s Caxton Associates LP are the two of the largest stockholders of Ruckus Wireless Inc (NYSE:RKUS) within our database, with holdings of 1.66 million and 1.42 million shares respectively.

Disclosure: None