Wheels Up Experience (NYSE:UP) Trading Up 7.3%

Wheels Up Experience Inc. (NYSE:UP)’s share price rose 7.3% during trading on Tuesday . The company traded as high as $2.50 and last traded at $2.49. Approximately 229,084 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 822,723 shares. The stock had previously closed at $2.32.

Wheels Up Experience Trading Up 2.7 %

The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.45 and a current ratio of 0.48. The company has a market capitalization of $1.61 billion, a PE ratio of -0.17 and a beta of 2.21. The business has a fifty day moving average price of $2.78 and a 200 day moving average price of $2.65.

Wheels Up Experience (NYSE:UP) last posted its earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating 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 business had revenue of $246.38 million during the quarter.

Insider Activity

In other news, insider Laura Heltebran sold 28,413 shares of the 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 sale, the insider now owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds have recently bought and sold shares of UP. UMB Bank n.a. acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $55,000. Instrumental Wealth LLC acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $78,000. Stratos Wealth Partners LTD. acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $38,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $37,000. Finally, Pathstone Family Office LLC acquired a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

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.