Cubist Systematic Strategies LLC Increases Stake in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Cubist Systematic Strategies LLC increased its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 77.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,651 shares of the company’s stock after purchasing an additional 16,922 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Blade Air Mobility were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Blade Air Mobility by 764.5% in the second quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after buying an additional 6,521 shares during the period. Sei Investments Co. purchased a new position in Blade Air Mobility in the 2nd quarter worth approximately $38,000. EverSource Wealth Advisors LLC bought a new stake in Blade Air Mobility in the second quarter valued at approximately $40,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Blade Air Mobility during the second quarter valued at approximately $50,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Blade Air Mobility by 70.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 21,850 shares of the company’s stock worth $62,000 after purchasing an additional 9,000 shares during the last quarter. 47.36% of the stock is owned by institutional investors.

Blade Air Mobility Stock Down 0.6 %

NASDAQ:BLDE opened at $3.45 on Wednesday. The firm has a market capitalization of $266.84 million, a P/E ratio of -5.07 and a beta of 1.09. The company has a fifty day moving average of $3.12 and a 200 day moving average of $3.27. Blade Air Mobility, Inc. has a 52 week low of $2.06 and a 52 week high of $4.24.

Blade Air Mobility (NASDAQ:BLDE) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $67.95 million for 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%. As a group, analysts anticipate that Blade Air Mobility, Inc. will post -0.36 EPS for the current 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.