XTX Topco Ltd Lowers Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

XTX Topco Ltd trimmed its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 69.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,218 shares of the company’s stock after selling 35,106 shares during the period. XTX Topco Ltd’s holdings in Blade Air Mobility were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC increased its position in Blade Air Mobility by 764.5% in the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock valued at $26,000 after acquiring an additional 6,521 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Blade Air Mobility during the 2nd quarter worth approximately $50,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Blade Air Mobility by 70.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock valued at $62,000 after purchasing an additional 9,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Blade Air Mobility in the first quarter valued at approximately $66,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Blade Air Mobility during the second quarter worth approximately $81,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Price Performance

Shares of NASDAQ BLDE opened at $3.30 on Thursday. The stock has a fifty day moving average price of $3.07 and a 200 day moving average price of $3.22. Blade Air Mobility, Inc. has a 1-year low of $2.06 and a 1-year high of $4.24. The company has a market cap of $255.24 million, a PE ratio of -4.85 and a beta of 1.09.

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

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.