Sherbrooke Park Advisers LLC Sells 98,422 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Sherbrooke Park Advisers LLC decreased its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 89.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,008 shares of the company's stock after selling 98,422 shares during the period. Sherbrooke Park Advisers LLC's holdings in Blade Air Mobility were worth $51,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Blade Air Mobility in the fourth quarter valued at $34,000. Virtu Financial LLC bought a new position in Blade Air Mobility during the fourth quarter worth about $53,000. Balyasny Asset Management L.P. bought a new position in Blade Air Mobility during the fourth quarter worth about $62,000. ProShare Advisors LLC increased its position in Blade Air Mobility by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,341 shares of the company's stock worth $69,000 after acquiring an additional 5,377 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Blade Air Mobility by 30.0% in the 4th quarter. SG Americas Securities LLC now owns 22,970 shares of the company's stock valued at $98,000 after buying an additional 5,297 shares in the last quarter. Institutional investors own 47.36% of the company's stock.

Blade Air Mobility Trading Up 6.4%

BLDE traded up $0.22 during trading on Tuesday, reaching $3.60. 359,837 shares of the company's stock were exchanged, compared to its average volume of 687,136. Blade Air Mobility, Inc. has a one year low of $2.35 and a one year high of $5.17. The stock has a market capitalization of $291.26 million, a PE ratio of -5.21 and a beta of 1.54. The firm has a fifty day moving average price of $2.90 and a two-hundred day moving average price of $3.51.

Blade Air Mobility (NASDAQ:BLDE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $0.07. The firm had revenue of $54.31 million for the quarter, compared to the consensus estimate of $49.30 million. Blade Air Mobility had a negative net margin of 21.28% and a negative return on equity of 12.16%. Sell-side analysts expect that Blade Air Mobility, Inc. will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, Lake Street Capital started coverage on shares of Blade Air Mobility in a report on Wednesday, February 26th. They set a "buy" rating and a $6.50 price target on the stock.

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.