Wheels Up Experience (NYSE:UP) Trading 5.7% Higher

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price shot up 5.7% during trading on Wednesday . The company traded as high as $2.86 and last traded at $2.80. 393,919 shares were traded during trading, a decline of 53% from the average session volume of 831,697 shares. The stock had previously closed at $2.65.

Wheels Up Experience Price Performance

The company has a debt-to-equity ratio of 2.41, a current ratio of 0.48 and a quick ratio of 0.45. The firm has a market capitalization of $1.90 billion, a PE ratio of -0.20 and a beta of 2.21. The firm has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $2.64.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (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 business had revenue of $246.38 million during the quarter.

Insider Activity

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction on Wednesday, March 13th. The shares were 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 of the company's stock, valued at $95,775.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of UP. Instrumental Wealth LLC purchased a new stake in shares of Wheels Up Experience in the 3rd quarter valued at $78,000. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience during the 3rd quarter worth approximately $125,365,000. UMB Bank n.a. purchased a new position in shares of Wheels Up Experience during the third quarter worth approximately $55,000. Pathstone Family Office LLC purchased a new position in Wheels Up Experience during the 3rd quarter worth $37,000. Finally, Tower Research Capital LLC TRC acquired a new position in Wheels Up Experience in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 98.20% 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 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.