AQR Capital Management LLC Boosts Stock Holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE)

AQR Capital Management LLC grew its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 42.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546,630 shares of the company's stock after acquiring an additional 162,867 shares during the quarter. AQR Capital Management LLC owned 0.71% of Blade Air Mobility worth $1,902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in shares of Blade Air Mobility by 77.9% in the second quarter. Cubist Systematic Strategies LLC now owns 38,651 shares of the company's stock valued at $135,000 after buying an additional 16,922 shares during the period. 272 Capital LP acquired a new position in Blade Air Mobility during the 2nd quarter worth about $337,000. EverSource Wealth Advisors LLC bought a new stake in shares of Blade Air Mobility in the 2nd quarter valued at about $40,000. Sei Investments Co. acquired a new stake in shares of Blade Air Mobility in the second quarter valued at about $38,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Blade Air Mobility by 19.0% in the second quarter. Renaissance Technologies LLC now owns 291,300 shares of the company's stock worth $1,014,000 after acquiring an additional 46,600 shares during the period. Institutional investors own 47.36% of the company's stock.

Blade Air Mobility Stock Down 3.1 %

BLDE traded down $0.11 during trading on Thursday, reaching $3.44. 362,638 shares of the stock traded hands, compared to its average volume of 661,514. The stock's 50-day moving average is $3.07 and its 200 day moving average is $3.25. Blade Air Mobility, Inc. has a 12 month low of $2.06 and a 12 month high of $4.24. The stock has a market capitalization of $266.07 million, a PE ratio of -5.22 and a beta of 1.09.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting 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 return on equity of 10.86% and a negative net margin of 20.64%. As a group, equities research analysts anticipate that Blade Air Mobility, Inc. will post -0.36 EPS for the current year.

Blade Air Mobility 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.