Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price shot up 3.2% on Thursday . The stock traded as high as $3.01 and last traded at $2.94. 48,316 shares were traded during trading, a decline of 94% from the average session volume of 847,515 shares. The stock had previously closed at $2.85.
Wheels Up Experience Trading Up 0.9 %
The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -0.21 and a beta of 2.21. The company has a fifty day moving average price of $2.96 and a two-hundred day moving average price of $2.62. The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($2.60) by $2.47. The business had revenue of $246.38 million for the quarter. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%.
Insider Transactions at Wheels Up Experience
In related news, insider Laura Heltebran sold 28,413 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total value of $72,169.02. Following the transaction, the insider now directly owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.27% of the company's stock.
Institutional Trading of Wheels Up Experience
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD raised its position in Wheels Up Experience by 64.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 24,945 shares of the company's stock valued at $29,000 after purchasing an additional 9,758 shares during the period. Cetera Advisors LLC purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $29,000. American Financial Advisors LLC purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $34,000. Finally, Quadrature Capital Ltd purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 98.20% of the company's stock.
Wheels Up Experience Company Profile
(
Get Free Report)
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.
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