Wheels Up Experience (NYSE:UP) Trading Up 7.3%

Wheels Up Experience Inc. (NYSE:UP) traded up 7.3% during mid-day trading on Tuesday . The stock traded as high as $2.50 and last traded at $2.49. 229,084 shares were traded during trading, a decline of 72% from the average session volume of 822,723 shares. The stock had previously closed at $2.32.

Wheels Up Experience Price Performance

The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41. The firm has a market cap of $1.68 billion, a P/E ratio of -0.18 and a beta of 2.21. The firm has a 50-day simple moving average of $2.84 and a 200-day simple moving average of $2.65.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.60) by $2.47. The business had revenue of $246.38 million for the quarter. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%.

Insider Buying and Selling at Wheels Up Experience

In other news, insider Laura Heltebran sold 28,413 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 37,707 shares of the company’s stock, valued at approximately $95,775.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently made changes to their positions in the business. American Financial Advisors LLC purchased a new position in Wheels Up Experience in the 4th quarter worth $34,000. Quadrature Capital Ltd purchased a new position in Wheels Up Experience in the 4th quarter worth $34,000. Raymond James Financial Services Advisors Inc. purchased a new position in Wheels Up Experience in the 4th quarter worth $36,000. Victory Capital Management Inc. purchased a new position in Wheels Up Experience in the 4th quarter worth $38,000. Finally, Pathstone Family Office LLC purchased a new position in Wheels Up Experience in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

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.