Wheels Up Experience (NYSE:UP) Stock Price Up 6.7%

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

Wheels Up Experience Trading Up 8.1 %

The company’s fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.68. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -0.19 and a beta of 2.24. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 2.41.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate 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 business had revenue of $246.38 million for the quarter.

Insider Activity

In other news, insider Laura Heltebran sold 28,413 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.54, for a total transaction of $72,169.02. Following the completion of the sale, the insider now owns 37,707 shares of the company’s stock, valued at $95,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Knighthead Capital Management LLC bought a new stake in Wheels Up Experience during the 3rd quarter worth about $125,365,000. Kore Advisors LP acquired a new position in Wheels Up Experience during the fourth quarter valued at approximately $88,552,000. Instrumental Wealth LLC grew its stake in Wheels Up Experience by 315.6% in the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock valued at $531,000 after purchasing an additional 118,699 shares in the last quarter. CCG Wealth Management LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter worth approximately $287,000. Finally, CVA Family Office LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter worth approximately $175,000. 98.20% of the stock is currently owned by institutional investors.

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.