Wheels Up Experience (NYSE:UP) Trading Up 3.2%

Wheels Up Experience Inc. (NYSE:UP) shares were up 3.2% during trading on Thursday . The company traded as high as $3.01 and last traded at $2.94. Approximately 48,316 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 847,515 shares. The stock had previously closed at $2.85.

Wheels Up Experience Stock Down 7.6 %

The company has a market capitalization of $1.85 billion, a P/E ratio of -0.19 and a beta of 2.21. 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 stock has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.62.

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, beating analysts’ consensus estimates of ($2.60) by $2.47. The business 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 at Wheels Up Experience

In related news, insider Laura Heltebran sold 28,413 shares of the stock in a transaction on 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 sale, the insider now directly owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Wheels Up Experience

A number of large investors have recently bought and sold shares of the business. Knighthead Capital Management LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter worth about $125,365,000. Kore Advisors LP bought a new position in shares of Wheels Up Experience during the 4th quarter worth about $88,552,000. BlackRock Inc. boosted its position in shares of Wheels Up Experience by 19.9% during the 3rd quarter. BlackRock Inc. now owns 13,103,773 shares of the company’s stock worth $15,068,000 after purchasing an additional 2,173,061 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Wheels Up Experience by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,911,681 shares of the company’s stock worth $10,248,000 after purchasing an additional 243,922 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Wheels Up Experience by 8,413.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,069,177 shares of the company’s stock worth $25,095,000 after purchasing an additional 7,974,399 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.