Cerity Partners LLC Acquires 30,000 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Cerity Partners LLC grew its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 8.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 402,662 shares of the company’s stock after purchasing an additional 30,000 shares during the period. Cerity Partners LLC’s holdings in Blade Air Mobility were worth $1,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its stake in shares of Blade Air Mobility by 36.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 8,795 shares of the company’s stock worth $31,000 after purchasing an additional 2,355 shares during the last quarter. CI Private Wealth LLC acquired a new position in shares of Blade Air Mobility during the 4th quarter worth about $36,000. Graham Capital Management L.P. acquired a new position in shares of Blade Air Mobility during the 3rd quarter worth about $27,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Blade Air Mobility during the 2nd quarter worth about $42,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Blade Air Mobility during the 1st quarter worth about $37,000. 47.36% of the stock is owned by institutional investors.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.39 on Friday. Blade Air Mobility, Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $4.54. The firm has a market capitalization of $255.71 million, a PE ratio of -4.46 and a beta of 1.16. The company’s 50-day moving average is $3.26 and its 200-day moving average is $3.06.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings results 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 company had revenue of $47.48 million during the quarter, compared to the consensus estimate of $48.70 million. Blade Air Mobility had a negative net margin of 24.90% and a negative return on equity of 13.71%. As a group, analysts expect that Blade Air Mobility, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Blade Air Mobility

In other news, CFO William A. Heyburn sold 26,632 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.62, for a total transaction of $69,775.84. Following the transaction, the chief financial officer now directly owns 1,355,020 shares of the company’s stock, valued at $3,550,152.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Robert S. Wiesenthal sold 68,387 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $2.76, for a total transaction of $188,748.12. Following the transaction, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at $19,987,486.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Heyburn sold 26,632 shares of Blade Air Mobility stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $2.62, for a total transaction of $69,775.84. Following the completion of the transaction, the chief financial officer now directly owns 1,355,020 shares in the company, valued at $3,550,152.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,293 shares of company stock valued at $592,090. 17.50% of the stock is currently owned by company insiders.

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.