Wheels Up Experience (NYSE:UP) Shares Gap Up to $2.23

Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.23, but opened at $2.45. Wheels Up Experience shares last traded at $2.19, with a volume of 68,680 shares traded.

Wheels Up Experience Trading Down 3.1 %

The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41. The stock has a 50-day simple moving average of $2.63 and a 200 day simple moving average of $2.69. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -0.16 and a beta of 2.24.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, topping 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 firm had revenue of $246.38 million during the quarter.

Insider Buying and Selling at Wheels Up Experience

In related news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total transaction of $72,169.02. Following the completion of the transaction, the insider now directly owns 37,707 shares in the company, valued at $95,775.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of the business. American Financial Advisors LLC purchased a new stake in shares of Wheels Up Experience during the fourth quarter worth about $34,000. Quadrature Capital Ltd purchased a new stake in Wheels Up Experience during the 4th quarter worth approximately $34,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $36,000. Victory Capital Management Inc. purchased a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $38,000. Finally, Capital Square LLC acquired a new stake in shares of Wheels Up Experience in the first quarter worth approximately $41,000. 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 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.