National Commerce (NCOM) Reaches $40.70 Formed H&S; Castleark Management Lifted Boingo Wireless (WIFI) Position

December 25, 2017 - By Shannon Black

Castleark Management Llc increased Boingo Wireless Inc (WIFI) stake by 14.87% reported in 2017Q3 SEC filing. Castleark Management Llc acquired 89,410 shares as Boingo Wireless Inc (WIFI)’s stock rose 37.51%. The Castleark Management Llc holds 690,700 shares with $14.76 million value, up from 601,290 last quarter. Boingo Wireless Inc now has $943.59 million valuation. The stock decreased 0.34% or $0.08 during the last trading session, reaching $23.13. About 157,673 shares traded. Boingo Wireless, Inc. (NASDAQ:WIFI) has risen 132.10% since December 25, 2016 and is uptrending. It has outperformed by 115.40% the S&P500.

National Commerce Corporation (NCOM) formed H&S with $39.48 target or 3.00% below today’s $40.70 share price. National Commerce Corporation (NCOM) has $601.72 million valuation. The stock decreased 2.28% or $0.95 during the last trading session, reaching $40.7. About 19,292 shares traded. National Commerce Corporation (NASDAQ:NCOM) has risen 59.72% since December 25, 2016 and is uptrending. It has outperformed by 43.02% the S&P500.

Castleark Management Llc decreased Unitedhealth Group Inc (NYSE:UNH) stake by 84,670 shares to 221,816 valued at $43.44M in 2017Q3. It also reduced Marvell Technology Group Ltd (NASDAQ:MRVL) stake by 383,710 shares and now owns 405,008 shares. Palo Alto Networks Inc (NYSE:PANW) was reduced too.

Investors sentiment increased to 2.08 in 2017 Q3. Its up 0.26, from 1.82 in 2017Q2. It increased, as 7 investors sold WIFI shares while 33 reduced holdings. 33 funds opened positions while 50 raised stakes. 33.43 million shares or 7.47% more from 31.11 million shares in 2017Q2 were reported. Hancock stated it has 0.05% in Boingo Wireless, Inc. (NASDAQ:WIFI). Cardinal Mngmt Ct holds 0.44% or 495,314 shares in its portfolio. Kistler holds 0% in Boingo Wireless, Inc. (NASDAQ:WIFI) or 102 shares. Wells Fargo & Mn has invested 0% in Boingo Wireless, Inc. (NASDAQ:WIFI). Portolan Cap Management Lc holds 3.19% or 1.25 million shares. Susquehanna Intl Grp Ltd Liability Partnership accumulated 0% or 18,326 shares. Trexquant Ltd Partnership reported 0.07% of its portfolio in Boingo Wireless, Inc. (NASDAQ:WIFI). Great West Life Assurance Can owns 0% invested in Boingo Wireless, Inc. (NASDAQ:WIFI) for 5,217 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 2,082 shares or 0% of its portfolio. Voya Inv Management Ltd reported 0.03% of its portfolio in Boingo Wireless, Inc. (NASDAQ:WIFI). Deutsche National Bank Ag has invested 0% of its portfolio in Boingo Wireless, Inc. (NASDAQ:WIFI). Schwab Charles Invest has 0% invested in Boingo Wireless, Inc. (NASDAQ:WIFI) for 184,041 shares. Geode Management Ltd invested in 0% or 371,953 shares. Citadel Advsrs Lc, Illinois-based fund reported 42,647 shares. Millennium Mgmt Limited Liability reported 0.02% stake.

Since August 2, 2017, it had 0 buys, and 11 sales for $6.38 million activity. Hovenier Peter sold $714,136 worth of Boingo Wireless, Inc. (NASDAQ:WIFI) on Monday, August 28. The insider Tracey Tom sold 25,000 shares worth $461,187. Finley Michael had sold 7,500 shares worth $145,050. 11,437 shares were sold by Callahan Dawn, worth $261,346. Hagan David sold $1.22M worth of Boingo Wireless, Inc. (NASDAQ:WIFI) on Wednesday, August 2. The insider Peterson Derek sold 50,000 shares worth $1.04 million.

Among 9 analysts covering Boingo Wireless (NASDAQ:WIFI), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Boingo Wireless had 17 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 10 by Oppenheimer. The stock has “Buy” rating by Lake Street on Monday, June 20. Northland Capital maintained the shares of WIFI in report on Monday, November 27 with “Buy” rating. As per Monday, September 25, the company rating was maintained by Northland Capital. The rating was maintained by Craig Hallum on Friday, November 4 with “Buy”. Northland Capital maintained it with “Buy” rating and $25.75 target in Friday, November 3 report. The stock of Boingo Wireless, Inc. (NASDAQ:WIFI) earned “Hold” rating by Zacks on Tuesday, September 22. On Monday, August 10 the stock rating was maintained by DA Davidson with “Buy”. BTIG Research initiated the stock with “Sell” rating in Monday, July 11 report. As per Tuesday, July 21, the company rating was initiated by Craig Hallum.