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

Wheels Up Experience Inc Share Price (NYSE:UP – Get Free Report ) traded down 5.7% during mid-day trading on Friday. The stock traded as high as $2.31 and last traded at $2.32. 287,310 shares traded hands during trading, down 72% from the average session volume of 1,037,906 shares. Shares previously closed at $2.46.

Wheels Up Experience stock performance

The company has a 50-day simple moving average of $2.35 and a 200-day simple moving average of $2.47. The company has a market cap of $1.65 billion, a PE ratio of -0.23 and a beta of 2.19. The company has a quick ratio of 0.31, a current ratio of 0.33, and a debt-to-equity ratio of 238.01.

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

Institutional trading of the Wheels Up experience

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Wheels Up Experience by 1,399.2% during the second quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after acquiring an additional 246,742 shares during the period. Instrumental Wealth LLC boosted its position in Wheels Up Experience by 21.1% in the first quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock worth $545,000 after buying an additional 32,963 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Wheels Up Experience by 44.4% in the second quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after purchasing an additional 36,201 shares during the period. CCG Wealth Management LLC purchased a new stake in shares of Wheels Up Experience in the first quarter valued at approximately $287,000. Finally, Rhumbline Advisers raised its stake in shares of Wheels Up Experience by 15,329.7% during the second quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after buying an additional 86,766 shares during the period. 98.20% of shares are owned by institutional investors and hedge funds.

About the Wheels Up Experience

(Get a free report)

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers subscription programs that consist of Connect that offer members dynamically variable prices per trip and flexibility in their schedule; Core for private leaflets; and UP for Business for small and medium-sized businesses and large corporate customers for which it is the primary provider of private flights, as well as an additional solution for its own aircraft operations.

Read more

Get daily news and reviews for Wheels Up Experience – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Wheels Up Experience and related companies with MarketBeat.com ‘s FREE daily email newsletter.