Wheels Up Experience (NYSE:UP) Trading 5.7% Higher

Shares of Wheels Up Experience Inc. (NYSE:UP) traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $2.86 and last traded at $2.80. 393,919 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 831,697 shares. The stock had previously closed at $2.65.

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 $1.91 billion, a PE ratio of -0.20 and a beta of 2.21. The stock has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $2.63.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.60) by $2.47. The firm had revenue of $246.38 million during the quarter. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%.

Insider Activity

In related news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction dated 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 transaction, the insider now owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank increased its holdings in Wheels Up Experience by 7.5% during the first quarter. Swiss National Bank now owns 174,300 shares of the company’s stock valued at $542,000 after buying an additional 12,200 shares during the period. Raymond James & Associates increased its holdings in Wheels Up Experience by 8.4% during the first quarter. Raymond James & Associates now owns 113,576 shares of the company’s stock valued at $353,000 after buying an additional 8,800 shares during the period. HighTower Advisors LLC increased its holdings in Wheels Up Experience by 7.8% during the first quarter. HighTower Advisors LLC now owns 135,732 shares of the company’s stock valued at $418,000 after buying an additional 9,874 shares during the period. Citigroup Inc. increased its holdings in Wheels Up Experience by 940.6% during the first quarter. Citigroup Inc. now owns 472,910 shares of the company’s stock valued at $1,471,000 after buying an additional 427,465 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $34,000. Hedge funds and other 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.