Raymond James & Associates Sells 221,232 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Raymond James & Associates lessened its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 46.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 253,860 shares of the company’s stock after selling 221,232 shares during the period. Raymond James & Associates’ holdings in Blade Air Mobility were worth $896,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Blade Air Mobility during the third quarter worth $36,000. Pathstone Family Office LLC acquired a new position in shares of Blade Air Mobility during the third quarter worth $36,000. SG Americas Securities LLC acquired a new position in shares of Blade Air Mobility during the third quarter worth $67,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Blade Air Mobility by 152.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,145 shares of the company’s stock worth $143,000 after purchasing an additional 33,258 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Blade Air Mobility by 223.3% during the third quarter. Barclays PLC now owns 136,311 shares of the company’s stock worth $353,000 after purchasing an additional 94,149 shares during the period. Institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Stock Performance

Shares of NASDAQ:BLDE opened at $3.15 on Tuesday. The firm has a market cap of $237.61 million, a PE ratio of -4.14 and a beta of 1.16. The firm’s fifty day moving average is $3.26 and its 200-day moving average is $3.07. Blade Air Mobility, Inc. has a 52 week low of $2.06 and a 52 week high of $4.54.

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

Insider Transactions at Blade Air Mobility

In other 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 transaction of $72,287.16. Following the transaction, the general counsel now owns 1,256,179 shares in the company, valued at $3,467,054.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Melissa M. Tomkiel sold 26,191 shares of the business’s 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 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 through this link. Also, CFO William A. Heyburn sold 20,552 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $3.28, for a total transaction of $67,410.56. Following the completion of the transaction, the chief financial officer now owns 1,404,468 shares in the company, valued at approximately $4,606,655.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,293 shares of company stock worth $592,090. 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.