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

Raymond James & Associates cut its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 46.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,860 shares of the company’s stock after selling 221,232 shares during the period. Raymond James & Associates owned about 0.34% of Blade Air Mobility worth $896,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BLDE. Barclays PLC grew its position in Blade Air Mobility by 223.3% during the 3rd quarter. Barclays PLC now owns 136,311 shares of the company’s stock worth $353,000 after acquiring an additional 94,149 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Blade Air Mobility by 152.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,145 shares of the company’s stock worth $143,000 after acquiring an additional 33,258 shares during the last quarter. SG Americas Securities LLC bought a new stake in Blade Air Mobility during the 3rd quarter worth approximately $67,000. Pathstone Family Office LLC bought a new stake in Blade Air Mobility during the 3rd quarter worth approximately $36,000. Finally, Jump Financial LLC bought a new stake in Blade Air Mobility during the 3rd quarter worth approximately $36,000. 47.36% of the stock is currently owned by institutional investors.

Blade Air Mobility Price Performance

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 stock’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.07. Blade Air Mobility, Inc. has a one year low of $2.06 and a one year high of $4.54.

Blade Air Mobility (NASDAQ:BLDE) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). The firm 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, equities analysts expect that Blade Air Mobility, Inc. will post -0.22 earnings per share for the current year.

Insider Buying and Selling at Blade Air Mobility

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 68,387 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total value of $188,748.12. Following the transaction, the chief executive officer now directly owns 7,241,843 shares in the company, valued at approximately $19,987,486.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert S. Wiesenthal sold 68,387 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.76, for a total value of $188,748.12. Following the transaction, the chief executive officer now owns 7,241,843 shares of the company’s stock, valued at approximately $19,987,486.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert S. Wiesenthal sold 25,418 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $3.28, for a total value of $83,371.04. Following the completion of the transaction, the chief executive officer now directly owns 7,149,493 shares in the company, valued at approximately $23,450,337.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,293 shares of company stock worth $592,090. 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.