flyExclusive (NYSE:FLYX) Trading 7.6% Higher – Here’s What Happened

flyExclusive, Inc. (NYSE:FLYX) traded up 7.6% during mid-day trading on Wednesday . The company traded as high as $3.30 and last traded at $3.27. 10,325 shares changed hands during trading, a decline of 55% from the average session volume of 23,007 shares. The stock had previously closed at $3.04.

flyExclusive Stock Performance

The firm has a market cap of $263.85 million, a P/E ratio of -3.17 and a beta of 0.23. The firm’s fifty day moving average is $3.79 and its 200 day moving average is $3.36.

Hedge Funds Weigh In On flyExclusive

Several institutional investors and hedge funds have recently made changes to their positions in the company. Entrust Global Partners L L C bought a new stake in flyExclusive in the 1st quarter valued at $43,390,000. Kera Capital Partners Inc. acquired a new stake in shares of flyExclusive during the third quarter worth $173,000. MBL Wealth LLC bought a new stake in shares of flyExclusive in the second quarter valued at about $37,000. Axxcess Wealth Management LLC boosted its position in shares of flyExclusive by 126.1% in the second quarter. Axxcess Wealth Management LLC now owns 34,000 shares of the company’s stock valued at $66,000 after acquiring an additional 18,960 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of flyExclusive in the third quarter valued at about $68,000. Institutional investors and hedge funds own 12.99% of the company’s stock.

About flyExclusive

flyExclusive, Inc, through its subsidiary, LGM Enterprises, LLC., owns and operates private jets in North America. It also offers jet charter services; and aircraft maintenance, repair, overhaul (MRO) operations, and interior and exterior refurbishment services, as well as wholesale and retail ad hoc flights, a jet club program, partnership program, fractional program, and other services.