Dimensional Fund Advisors LP boosted its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 24.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 937,856 shares of the company's stock after purchasing an additional 181,630 shares during the period. Dimensional Fund Advisors LP owned 1.21% of Blade Air Mobility worth $3,264,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. CWM LLC boosted its holdings in shares of 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 buying an additional 6,521 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in 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 valued at $62,000 after acquiring an additional 9,000 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Blade Air Mobility in the 2nd quarter valued at about $50,000. American Century Companies Inc. grew its position in shares of Blade Air Mobility by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 83,250 shares of the company's stock valued at $290,000 after acquiring an additional 14,372 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Blade Air Mobility during the 1st quarter worth about $66,000. 47.36% of the stock is currently owned by institutional investors.
Blade Air Mobility Trading Up 2.3 %
Blade Air Mobility stock traded up $0.08 during midday trading on Friday, reaching $3.52. 420,346 shares of the company's stock were exchanged, compared to its average volume of 660,296. The stock's 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.25. 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 - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $62.86 million. Analysts expect that Blade Air Mobility, Inc. will post -0.36 earnings per share for the current year.
About Blade Air Mobility
(
Free Report)
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.
Read More
Before you consider Blade Air Mobility, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blade Air Mobility wasn't on the list.
While Blade Air Mobility currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
