Wheels Up Experience (NYSE:UP) Trading 6.7% Higher

Wheels Up Experience Inc. (NYSE:UP)’s share price rose 6.7% during mid-day trading on Monday . The stock traded as high as $2.56 and last traded at $2.56. Approximately 255,616 shares traded hands during trading, a decline of 67% from the average daily volume of 779,143 shares. The stock had previously closed at $2.40.

Wheels Up Experience Trading Down 5.5 %

The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -0.16 and a beta of 2.24. The business’s 50 day moving average is $2.64 and its 200 day moving average is $2.70. 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 quarterly earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping 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 company 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 Wheels Up Experience stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total transaction of $72,169.02. Following the transaction, the insider now owns 37,707 shares of the company’s stock, valued at $95,775.78. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capital Square LLC acquired a new stake in shares of Wheels Up Experience during the first quarter worth about $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth approximately $67,000. Fifth Lane Capital LP acquired a new stake in Wheels Up Experience during the 1st quarter worth approximately $45,000. CCG Wealth Management LLC purchased a new position in shares of Wheels Up Experience in the 1st quarter valued at approximately $287,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth approximately $145,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

About Wheels Up Experience

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.