Wheels Up Experience (NYSE:UP) Stock Price Down 6% – Should You Sell?

Shares of Wheels Up Experience Inc. (NYSE:UP) fell 6% on Thursday . The stock traded as low as $2.03 and last traded at $2.04. 229,161 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,014,733 shares. The stock had previously closed at $2.17.

Wheels Up Experience Stock Down 7.4 %

The firm’s 50-day moving average is $2.15 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $1.40 billion, a P/E ratio of -4.34 and a beta of 2.24.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Wheels Up Experience by 277.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after buying an additional 585,589 shares during the period. Bank of New York Mellon Corp lifted its position in Wheels Up Experience by 1,399.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after acquiring an additional 246,742 shares in the last quarter. Instrumental Wealth LLC lifted its position in Wheels Up Experience by 21.1% in the 1st quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock valued at $545,000 after acquiring an additional 32,963 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Wheels Up Experience by 44.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after acquiring an additional 36,201 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Wheels Up Experience by 15,329.7% during the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after buying an additional 86,766 shares during 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.