Wheels Up Experience (NYSE:UP) Stock Price Up 5.7%

Wheels Up Experience Inc. (NYSE:UP) rose 5.7% during trading on Wednesday . The company traded as high as $2.86 and last traded at $2.80. Approximately 393,919 shares were traded during trading, a decline of 53% from the average daily volume of 831,697 shares. The stock had previously closed at $2.65.

Wheels Up Experience Price Performance

The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.64. The stock has a market cap of $1.75 billion, a PE ratio of -0.18 and a beta of 2.21.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $246.38 million for the quarter.

Insider Buying and Selling

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total value of $72,169.02. Following the transaction, the insider now directly owns 37,707 shares in the company, valued at approximately $95,775.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors have recently added to or reduced their stakes in the business. Instrumental Wealth LLC bought a new position in Wheels Up Experience in the 3rd quarter worth about $78,000. Knighthead Capital Management LLC bought a new position in Wheels Up Experience in the 3rd quarter worth about $125,365,000. UMB Bank n.a. bought a new position in Wheels Up Experience in the 3rd quarter worth about $55,000. Pathstone Family Office LLC bought a new position in Wheels Up Experience in the 3rd quarter worth about $37,000. Finally, Tower Research Capital LLC TRC bought a new position in Wheels Up Experience in the 4th quarter worth about $80,000. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

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.