Nuveen LLC Purchases New Shares in Wheels Up Experience Inc. $UP

Key Points

• Nuveen LLC acquired 147,024 shares of Wheels Up Experience Inc. ($UP), valued at approximately $148,000, highlighting growing institutional interest in the company.
• The stock price of Wheels Up Experience has seen a decline of 13.9% recently, trading at $2.14, with a 12-month range between $0.74 and $3.50.
• Wheels Up Experience reported a quarterly loss of ($0.11) earnings per share, despite generating revenue of $189.64 million during the same period.

Nuveen LLC purchased a new stake in Wheels Up Experience Inc. (NYSE:UP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 147,024 shares of the company's stock, valued at approximately $148,000.

A number of other institutional investors have also recently bought and sold shares of UP. Wells Fargo & Company MN lifted its holdings in shares of Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after buying an additional 14,299 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Wheels Up Experience in the 4th quarter worth approximately $199,000. Bank of America Corp DE grew its holdings in shares of Wheels Up Experience by 72.5% during the 4th quarter. Bank of America Corp DE now owns 73,560 shares of the company's stock worth $121,000 after purchasing an additional 30,919 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Wheels Up Experience during the 4th quarter worth approximately $110,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Wheels Up Experience by 97.3% during the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Wheels Up Experience Trading Down 13.9%

NYSE UP opened at $2.14 on Friday. Wheels Up Experience Inc. has a 12 month low of $0.74 and a 12 month high of $3.50. The stock has a 50-day simple moving average of $1.70 and a 200 day simple moving average of $1.37. The company has a market capitalization of $1.49 billion, a PE ratio of -4.54 and a beta of 2.41.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $189.64 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.

Insider Activity at Wheels Up Experience

In related news, CAO Alexander Chatkewitz sold 23,959 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $1.46, for a total transaction of $34,980.14. Following the completion of the transaction, the chief accounting officer directly owned 507,462 shares of the company's stock, valued at approximately $740,894.52. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald Lee Moak sold 43,166 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $3.11, for a total value of $134,246.26. Following the transaction, the director directly owned 180,431 shares of the company's stock, valued at $561,140.41. This trade represents a 19.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,003 shares of company stock valued at $595,474 over the last ninety days. Company insiders own 0.15% 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 Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.

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