Wheels Up Experience (NYSE:UP) Trading 5.7% Higher

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 5.7% on Wednesday . The company traded as high as $2.86 and last traded at $2.80. 393,919 shares traded hands during trading, a decline of 53% from the average session volume of 831,697 shares. The stock had previously closed at $2.65.

Wheels Up Experience Trading Up 3.4 %

The business has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $2.63. The stock has a market capitalization of $1.91 billion, a P/E ratio of -0.20 and a beta of 2.21. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41.

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 analysts’ consensus estimates of ($2.60) by $2.47. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%. The firm had revenue of $246.38 million during the quarter.

Insider Buying and Selling

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of the stock in a transaction dated Wednesday, March 13th. The stock was 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 directly owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Knighthead Capital Management LLC acquired a new stake in Wheels Up Experience during the third quarter worth approximately $125,365,000. Kore Advisors LP acquired a new stake in Wheels Up Experience during the fourth quarter worth approximately $88,552,000. BlackRock Inc. grew its stake in Wheels Up Experience by 19.9% during the third quarter. BlackRock Inc. now owns 13,103,773 shares of the company’s stock worth $15,068,000 after purchasing an additional 2,173,061 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Wheels Up Experience by 2.8% in the third quarter. Vanguard Group Inc. now owns 8,911,681 shares of the company’s stock valued at $10,248,000 after purchasing an additional 243,922 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Wheels Up Experience by 8,413.8% in the first quarter. Goldman Sachs Group Inc. now owns 8,069,177 shares of the company’s stock valued at $25,095,000 after purchasing an additional 7,974,399 shares in the last quarter. Institutional investors and hedge funds 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.