Wheels Up Experience (NYSE:UP) Stock Gets Downgrade from Wall Street Zen

Wheels Up Experience (NYSE:UP - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Wheels Up Experience in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of "Sell".

Wheels Up Experience Price Performance

Shares of UP opened at $2.27 on Friday. The firm has a 50-day moving average of $3.38 and a 200-day moving average of $7.12. Wheels Up Experience has a one year low of $2.21 and a one year high of $24.37. The company has a market cap of $82.17 million, a PE ratio of -0.27 and a beta of 2.19.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($2.48) earnings per share for the quarter. The firm had revenue of $164.79 million for the quarter.

Insider Transactions at Wheels Up Experience

In related news, major shareholder Ck Wheels Llc sold 9,363 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $4.61, for a total value of $43,163.43. Following the completion of the transaction, the insider owned 12,860,891 shares of the company's stock, valued at $59,288,707.51. This represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 12,859 shares of company stock worth $54,729. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds have recently modified their holdings of UP. Knighthead Capital Management LLC acquired a new position in Wheels Up Experience in the 1st quarter worth about $133,344,000. Delta Air Lines Inc. bought a new position in Wheels Up Experience in the third quarter valued at about $42,402,000. Kore Advisors LP boosted its stake in shares of Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company's stock valued at $7,848,000 after purchasing an additional 94,176 shares in the last quarter. State Street Corp boosted its stake in shares of Wheels Up Experience by 37.8% during the third quarter. State Street Corp now owns 57,608 shares of the company's stock valued at $185,000 after purchasing an additional 15,801 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Wheels Up Experience by 34.1% during the first quarter. Cetera Investment Advisers now owns 179,603 shares of the company's stock valued at $93,000 after purchasing an additional 45,661 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company's stock.

Wheels Up Experience Company Profile

Wheels Up Experience, Inc. provides private aviation services, including private jet travel for individuals, businesses and other organizations. Its offerings include membership-based access to flights, on-demand charter services and solutions for customers seeking private air travel. The company also provides aircraft management and related services to aircraft owners. Wheels Up coordinates flight operations and access to aircraft through its owned, managed and partner network, serving destinations across the United States and on international routes.

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