Raymond James Financial Services Advisors Inc. Takes $36,000 Position in Wheels Up Experience Inc. (NYSE:UP)

Raymond James Financial Services Advisors Inc. purchased a new position in Wheels Up Experience Inc. (NYSE:UP) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,583 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. bought a new stake in Wheels Up Experience during the third quarter valued at about $55,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Wheels Up Experience during the third quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Wheels Up Experience during the third quarter valued at about $37,000. Pathstone Family Office LLC bought a new stake in shares of Wheels Up Experience in the 3rd quarter valued at about $37,000. Finally, Knighthead Capital Management LLC purchased a new position in shares of Wheels Up Experience in the 3rd quarter worth approximately $125,365,000. 98.20% of the stock is currently owned by institutional investors.

Insider Transactions at Wheels Up Experience

In related news, insider Laura Heltebran sold 28,413 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 directly owns 37,707 shares of the company’s stock, valued at approximately $95,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Wheels Up Experience Trading Down 0.4 %

NYSE UP opened at $2.30 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of -0.17 and a beta of 2.21. Wheels Up Experience Inc. has a 52 week low of $0.98 and a 52 week high of $6.08. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average price of $2.75 and a 200 day moving average price of $2.65.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $246.38 million during the quarter.

Wheels Up Experience 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.