Wheels Up Experience (NYSE:UP) Trading 4.7% Higher

Wheels Up Experience Inc. (NYSE:UPGet Free Report) shot up 4.7% during mid-day trading on Tuesday . The stock traded as high as $2.68 and last traded at $2.68. 153,031 shares traded hands during trading, a decline of 84% from the average session volume of 933,014 shares. The stock had previously closed at $2.56.

Wheels Up Experience Price Performance

The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.45 and a current ratio of 0.48. The company has a 50-day simple moving average of $3.19 and a 200-day simple moving average of $2.61. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -0.22 and a beta of 2.20.

Wheels Up Experience (NYSE:UPGet Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.60) by $2.47. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%. The company had revenue of $246.38 million for the quarter.

Insider Transactions at Wheels Up Experience

In related news, insider Laura Heltebran sold 28,413 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total value of $72,169.02. Following the sale, the insider now owns 37,707 shares of the company’s stock, valued at approximately $95,775.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds have recently made changes to their positions in the business. Knighthead Capital Management LLC acquired a new stake in shares of Wheels Up Experience during the third quarter worth $125,365,000. Kore Advisors LP acquired a new stake in shares of Wheels Up Experience during the fourth quarter worth $88,552,000. BlackRock Inc. boosted its holdings in shares of Wheels Up Experience by 19.9% during the third quarter. BlackRock Inc. now owns 13,103,773 shares of the company’s stock worth $15,068,000 after purchasing an additional 2,173,061 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wheels Up Experience by 2.8% during the third quarter. Vanguard Group Inc. now owns 8,911,681 shares of the company’s stock worth $10,248,000 after purchasing an additional 243,922 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Wheels Up Experience by 8,413.8% during the first quarter. Goldman Sachs Group Inc. now owns 8,069,177 shares of the company’s stock worth $25,095,000 after purchasing an additional 7,974,399 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.

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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