Ck Wheels Llc Sells 9,363 Shares of Wheels Up Experience (NYSE:UP) Stock

Key Points

• Ck Wheels LLC sold 9,363 Wheels Up Experience shares at an average price of $4.61, generating $43,163.43. The major shareholder retained 12.86 million shares, with ownership declining by 0.07%.
• Wheels Up shares fell 2.0% to $4.33, near the company’s 12-month low of $4.19. The company reported a quarterly loss of $2.97 per share on $182 million in revenue.
• Analyst sentiment remains negative: Wheels Up has a consensus “Sell” rating, while institutional investors and hedge funds own approximately 98.2% of the stock.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) major shareholder Ck Wheels Llc sold 9,363 shares of Wheels Up Experience stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $4.61, for a total value of $43,163.43. Following the completion of the sale, the insider owned 12,860,891 shares of the company's stock, valued at approximately $59,288,707.51. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Thursday, June 18th, Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.05, for a total transaction of $221,568.20.
• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total transaction of $42,843.63.
• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.15, for a total transaction of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Down 2.0%

NYSE UP traded down $0.09 during trading hours on Tuesday, hitting $4.33. The company's stock had a trading volume of 172,032 shares, compared to its average volume of 175,279. Wheels Up Experience Inc. has a twelve month low of $4.19 and a twelve month high of $57.00. The firm has a market capitalization of $157.09 million, a P/E ratio of -0.51 and a beta of 2.09. The stock has a fifty day moving average of $6.32 and a 200 day moving average of $8.18.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($2.97) EPS for the quarter. The business had revenue of $182.00 million for the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently modified their holdings of UP. Knighthead Capital Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth approximately $133,344,000. Jane Street Group LLC acquired a new position in shares of Wheels Up Experience in the second quarter valued at approximately $795,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $356,000. Inspire Investing LLC increased its position in shares of Wheels Up Experience by 210.6% during the fourth quarter. Inspire Investing LLC now owns 780,918 shares of the company's stock worth $513,000 after acquiring an additional 529,534 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Wheels Up Experience during the fourth quarter worth $263,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UP has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of Wheels Up Experience in a report on Thursday. Wall Street Zen cut Wheels Up Experience from a "hold" rating to a "sell" rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source