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

Wheels Up Experience Inc. (NYSE:UP)’s stock price rose 5.7% 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 Stock Down 5.6 %

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -0.18 and a beta of 2.21. The stock’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.64. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.48 and a quick ratio of 0.45.

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

Insider Activity at Wheels Up Experience

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

Hedge Funds Weigh In On Wheels Up Experience

Large investors have recently made changes to their positions in the business. Instrumental Wealth LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter valued at about $78,000. Knighthead Capital Management LLC acquired a new position in shares of Wheels Up Experience in the third quarter worth about $125,365,000. UMB Bank n.a. acquired a new position in shares of Wheels Up Experience in the third quarter worth about $55,000. Pathstone Family Office LLC acquired a new position in shares of Wheels Up Experience in the third quarter worth about $37,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Wheels Up Experience in the fourth quarter worth about $80,000. Institutional investors own 98.20% of the company’s stock.

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.