Wheels Up Experience (NYSE:UP) Stock Price Down 5.4% – What’s Next?

Shares of Wheels Up Experience Inc. (NYSE:UP) dropped 5.4% on Tuesday . The stock traded as low as $2.10 and last traded at $2.11. Approximately 156,551 shares were traded during trading, a decline of 85% from the average daily volume of 1,018,551 shares. The stock had previously closed at $2.23.

Wheels Up Experience Price Performance

The company has a market capitalization of $1.42 billion, a PE ratio of -0.51 and a beta of 2.23. The firm has a fifty day moving average of $2.10 and a two-hundred day moving average of $2.36. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 238.01.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $196.29 million for the quarter. Wheels Up Experience had a negative net margin of 43.79% and a negative return on equity of 796.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Wheels Up Experience by 1,399.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after purchasing an additional 246,742 shares during the last quarter. Instrumental Wealth LLC raised its position in Wheels Up Experience by 21.1% during the 1st quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock valued at $545,000 after purchasing an additional 32,963 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of 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 worth $223,000 after acquiring an additional 36,201 shares in the last quarter. Rhumbline Advisers raised its position in shares of Wheels Up Experience by 15,329.7% in the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after acquiring an additional 86,766 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Wheels Up Experience in the 1st quarter worth approximately $67,000. Institutional investors 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.