Wheels Up Experience Inc. $UP Shares Sold by Kore Advisors LP

Kore Advisors LP lessened its stake in Wheels Up Experience Inc. (NYSE:UP) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,257,134 shares of the company’s stock after selling 375,131 shares during the quarter. Wheels Up Experience accounts for about 27.4% of Kore Advisors LP’s investment portfolio, making the stock its biggest holding. Kore Advisors LP owned about 3.33% of Wheels Up Experience worth $24,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in Wheels Up Experience in the 2nd quarter worth $198,000. AQR Capital Management LLC acquired a new position in shares of Wheels Up Experience during the first quarter worth about $156,000. Nuveen LLC bought a new position in shares of Wheels Up Experience during the first quarter worth about $148,000. XTX Topco Ltd acquired a new stake in Wheels Up Experience in the 2nd quarter valued at approximately $141,000. Finally, Cetera Investment Advisers bought a new stake in Wheels Up Experience in the 2nd quarter valued at approximately $78,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UP. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. Wall Street Zen lowered Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, insider Mark Briffa sold 86,813 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $1.23, for a total value of $106,779.99. Following the completion of the transaction, the insider directly owned 866,670 shares in the company, valued at approximately $1,066,004.10. This represents a 9.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Meaghan Danielle Wells sold 47,931 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $1.22, for a total value of $58,475.82. Following the sale, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. This trade represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 144,648 shares of company stock worth $186,847 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Wheels Up Experience Stock Performance

Wheels Up Experience stock opened at $0.77 on Friday. Wheels Up Experience Inc. has a 52 week low of $0.64 and a 52 week high of $3.50. The stock has a market capitalization of $557.16 million, a P/E ratio of -1.51 and a beta of 2.30. The stock has a fifty day moving average of $1.47 and a 200-day moving average of $1.60.

Wheels Up Experience (NYSE:UP) last released its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $185.49 million during the quarter.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.