Wheels Up Experience (NYSE:UP) Trading Up 3.2%

Shares of Wheels Up Experience Inc. (NYSE:UP) traded up 3.2% during mid-day trading on Thursday . The company traded as high as $3.01 and last traded at $2.94. 48,316 shares were traded during mid-day trading, a decline of 94% from the average session volume of 847,515 shares. The stock had previously closed at $2.85.

Wheels Up Experience Trading Down 7.6 %

The company has a market capitalization of $1.85 billion, a P/E ratio of -0.19 and a beta of 2.21. The stock’s 50 day moving average is $2.95 and its 200-day moving average is $2.62. 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 announced its earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.60) by $2.47. Wheels Up Experience had a negative net margin of 38.89% and a negative return on equity of 291.29%. The business had revenue of $246.38 million during the quarter.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 owns 37,707 shares of the company’s stock, valued at $95,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

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. CVA Family Office LLC bought a new stake in shares of Wheels Up Experience during the first quarter valued at approximately $175,000. Quadrature Capital Ltd bought a new stake in shares of Wheels Up Experience during the fourth quarter valued at approximately $34,000. Vanguard Group Inc. increased its position in shares of Wheels Up Experience by 504.2% during the fourth quarter. Vanguard Group Inc. now owns 5,004,355 shares of the company’s stock valued at $17,165,000 after acquiring an additional 4,176,052 shares in the last quarter. Virtu Financial LLC increased its position in shares of Wheels Up Experience by 42.8% during the fourth quarter. Virtu Financial LLC now owns 21,247 shares of the company’s stock valued at $73,000 after acquiring an additional 6,371 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Wheels Up Experience during the fourth quarter valued at approximately $659,000. 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.