SG Americas Securities LLC Raises Stock Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

SG Americas Securities LLC boosted its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,636 shares of the company’s stock after acquiring an additional 5,652 shares during the period. SG Americas Securities LLC’s holdings in Blade Air Mobility were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Blade Air Mobility by 8.7% during the 2nd quarter. BlackRock Inc. now owns 3,995,565 shares of the company’s stock valued at $15,743,000 after purchasing an additional 321,472 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Blade Air Mobility by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,817,988 shares of the company’s stock worth $7,299,000 after acquiring an additional 22,090 shares in the last quarter. State Street Corp grew its stake in shares of Blade Air Mobility by 62.7% during the second quarter. State Street Corp now owns 2,038,744 shares of the company’s stock worth $8,033,000 after acquiring an additional 785,343 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Blade Air Mobility by 7.9% during the second quarter. Geode Capital Management LLC now owns 1,114,257 shares of the company’s stock valued at $4,390,000 after acquiring an additional 81,713 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in shares of Blade Air Mobility by 2.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 535,900 shares of the company’s stock valued at $1,388,000 after purchasing an additional 10,300 shares during the last quarter. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blade Air Mobility

In related news, CFO William A. Heyburn sold 26,632 shares of Blade Air Mobility stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $2.62, for a total transaction of $69,775.84. Following the completion of the sale, the chief financial officer now owns 1,355,020 shares of the company’s stock, valued at $3,550,152.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 68,387 shares of the company’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 $188,748.12. Following the sale, the chief executive officer now directly owns 7,241,843 shares of the company’s stock, valued at $19,987,486.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William A. Heyburn sold 26,632 shares of Blade Air Mobility stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $2.62, for a total value of $69,775.84. Following the transaction, the chief financial officer now owns 1,355,020 shares of the company’s stock, valued at approximately $3,550,152.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,293 shares of company stock worth $592,090. 17.50% of the stock is currently owned by insiders.

Blade Air Mobility Trading Down 6.4 %

NASDAQ:BLDE opened at $3.39 on Friday. Blade Air Mobility, Inc. has a twelve month low of $2.06 and a twelve month high of $4.54. The company has a market cap 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 two-hundred day moving average is $3.05.

Blade Air Mobility (NASDAQ:BLDE) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). Blade Air Mobility had a negative net margin of 24.90% and a negative return on equity of 13.71%. The company had revenue of $47.48 million for the quarter, compared to analysts’ expectations of $48.70 million. As a group, analysts expect that Blade Air Mobility, Inc. will post -0.22 EPS for the current fiscal year.

About Blade Air Mobility

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.