Wheels Up Experience (NYSE:UP) Shares Gap Down to $3.24

Wheels Up Experience Inc. (NYSE:UP) shares gapped down before the market opened on Friday . The stock had previously closed at $3.24, but opened at $3.15. Wheels Up Experience shares last traded at $3.57, with a volume of 371,630 shares.

Wheels Up Experience Trading Up 16.7 %

The company has a market cap of $2.64 billion, a price-to-earnings ratio of -0.38 and a beta of 2.23. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.38 and a quick ratio of 0.36. The business’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.88.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 495.46% and a negative net margin of 44.05%. The company had revenue of $197.10 million for the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors have recently added to or reduced their stakes in UP. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Wheels Up Experience in the fourth quarter worth approximately $36,000. Instrumental Wealth LLC raised its stake in Wheels Up Experience by 315.6% during the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock worth $531,000 after purchasing an additional 118,699 shares during the period. American Financial Advisors LLC acquired a new position in shares of Wheels Up Experience in the 4th quarter valued at $34,000. Victory Capital Management Inc. purchased a new stake in shares of Wheels Up Experience during the 4th quarter valued at $38,000. Finally, Kore Advisors LP acquired a new stake in shares of Wheels Up Experience during the 4th quarter worth $88,552,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.