272 Capital LP Buys Shares of 96,912 Blade Air Mobility, Inc. (NASDAQ:BLDE)

272 Capital LP purchased a new position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 96,912 shares of the company’s stock, valued at approximately $337,000. 272 Capital LP owned 0.13% of Blade Air Mobility as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new position in Blade Air Mobility during the second quarter worth about $40,000. Sei Investments Co. bought a new position in Blade Air Mobility in the 2nd quarter worth approximately $38,000. Renaissance Technologies LLC grew its stake in Blade Air Mobility by 19.0% in the 2nd quarter. Renaissance Technologies LLC now owns 291,300 shares of the company’s stock valued at $1,014,000 after buying an additional 46,600 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Blade Air Mobility by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock valued at $3,264,000 after acquiring an additional 181,630 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Blade Air Mobility by 20.9% during the second quarter. American Century Companies Inc. now owns 83,250 shares of the company’s stock worth $290,000 after acquiring an additional 14,372 shares in the last quarter. Institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.02 on Tuesday. The firm has a market capitalization of $233.58 million, a P/E ratio of -4.44 and a beta of 1.09. Blade Air Mobility, Inc. has a one year low of $2.06 and a one year high of $4.24. The business has a fifty day moving average price of $3.16 and a 200-day moving average price of $3.23.

Blade Air Mobility (NASDAQ:BLDE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). Blade Air Mobility had a negative return on equity of 10.86% and a negative net margin of 20.64%. The business had revenue of $67.95 million during the quarter, compared to the consensus estimate of $62.86 million. Sell-side analysts expect that Blade Air Mobility, Inc. will post -0.36 earnings per share 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.