Wheels Up Experience (NYSE:UP) Shares Down 4.7%

Wheels Up Experience Inc. (NYSE:UPGet Free Report) shares dropped 4.7% during trading on Thursday . The company traded as low as $2.00 and last traded at $2.01. Approximately 282,473 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 773,229 shares. The stock had previously closed at $2.11.

Wheels Up Experience Stock Up 0.2 %

The firm has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.86. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -0.20 and a beta of 2.31. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.36 and a current ratio of 0.38.

Wheels Up Experience (NYSE:UPGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 495.46% and a negative net margin of 44.05%. The company had revenue of $197.10 million for the quarter.

Insider Activity

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total transaction of $72,169.02. Following the transaction, the insider now owns 37,707 shares of the company’s stock, valued at $95,775.78. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UP. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Wheels Up Experience in the third quarter valued at approximately $37,000. Pathstone Family Office LLC acquired a new position in Wheels Up Experience in the 3rd quarter valued at $37,000. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience during the 3rd quarter worth $125,365,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Wheels Up Experience in the 4th quarter worth $36,000. Finally, Instrumental Wealth LLC boosted its holdings in shares of Wheels Up Experience by 315.6% in the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock valued at $531,000 after acquiring an additional 118,699 shares in the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.

Wheels Up Experience Company Profile

(Get Free Report)

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.

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