Wheels Up Experience (NYSE:UP) Trading Up 7.3%

Wheels Up Experience Inc. (NYSE:UP)’s stock price was up 7.3% during mid-day trading on Tuesday . The company traded as high as $2.50 and last traded at $2.49. Approximately 229,084 shares changed hands during trading, a decline of 72% from the average daily volume of 822,723 shares. The stock had previously closed at $2.32.

Wheels Up Experience Stock Up 2.7 %

The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -0.17 and a beta of 2.21. 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 business has a 50-day moving average of $2.78 and a 200-day moving average of $2.65.

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

Insider Buying and Selling at Wheels Up Experience

In other news, insider Laura Heltebran sold 28,413 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total transaction of $72,169.02. Following the completion of the transaction, the insider now directly owns 37,707 shares of the company’s stock, valued at $95,775.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in UP. UMB Bank n.a. purchased a new stake in Wheels Up Experience during the third quarter worth approximately $55,000. Instrumental Wealth LLC purchased a new stake in Wheels Up Experience during the third quarter worth approximately $78,000. Stratos Wealth Partners LTD. purchased a new stake in Wheels Up Experience during the third quarter worth approximately $38,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Wheels Up Experience during the third quarter worth approximately $37,000. Finally, Pathstone Family Office LLC purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $37,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Wheels Up Experience Company Profile

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.