SG Americas Securities LLC Grows Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

SG Americas Securities LLC boosted its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,636 shares of the company’s stock after purchasing an additional 5,652 shares during the quarter. SG Americas Securities LLC’s holdings in Blade Air Mobility were worth $112,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in shares of Blade Air Mobility in the 1st quarter valued at $275,000. Cambridge Investment Research Advisors Inc. boosted its stake in Blade Air Mobility by 22.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,031 shares of the company’s stock valued at $263,000 after acquiring an additional 5,713 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Blade Air Mobility by 7.5% during the first quarter. HighTower Advisors LLC now owns 29,413 shares of the company’s stock worth $251,000 after purchasing an additional 2,051 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Blade Air Mobility by 12.5% during the first quarter. Vanguard Group Inc. now owns 2,730,415 shares of the company’s stock worth $23,181,000 after purchasing an additional 302,362 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of Blade Air Mobility in the 1st quarter valued at about $175,000. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

Blade Air Mobility Stock Down 6.4 %

Shares of NASDAQ BLDE opened at $3.39 on Friday. The stock has a market cap of $255.71 million, a PE ratio of -4.46 and a beta of 1.16. Blade Air Mobility, Inc. has a 52-week low of $2.06 and a 52-week high of $4.54. The business has a 50-day moving average price of $3.26 and a 200 day moving average price of $3.05.

Blade Air Mobility (NASDAQ:BLDE) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.10). The firm had revenue of $47.48 million during the quarter, compared to analyst estimates of $48.70 million. Blade Air Mobility had a negative net margin of 24.90% and a negative return on equity of 13.71%. Sell-side analysts anticipate that Blade Air Mobility, Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 26,191 shares of Blade Air Mobility stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total value of $72,287.16. Following the transaction, the general counsel now directly owns 1,256,179 shares in the company, valued at $3,467,054.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 26,191 shares of Blade Air Mobility stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total value of $72,287.16. Following the transaction, the general counsel now directly owns 1,256,179 shares in the company, valued at approximately $3,467,054.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Melissa M. Tomkiel sold 22,836 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $3.28, for a total value of $74,902.08. Following the completion of the transaction, the general counsel now directly owns 1,291,121 shares in the company, valued at approximately $4,234,876.88. The disclosure for this sale can be found here. Insiders sold a total of 202,293 shares of company stock worth $592,090 in the last 90 days. Company insiders own 17.50% of the company’s stock.

Blade Air Mobility Company Profile

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.