Wheels Up Experience (NYSE:UP) Trading 7.3% Higher

Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) were up 7.3% during trading on Tuesday . The stock traded as high as $2.50 and last traded at $2.49. Approximately 229,084 shares changed hands during trading, a decline of 72% from the average daily volume of 822,723 shares. The stock had previously closed at $2.32.

Wheels Up Experience Stock Up 3.7 %

The firm has a fifty day moving average price of $2.82 and a 200 day moving average price of $2.65. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 2.41. The company has a market cap of $1.68 billion, a P/E ratio of -0.17 and a beta of 2.21.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($2.60) by $2.47. The company 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 firm's stock in a transaction dated 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 owns 37,707 shares in the company, valued at $95,775.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently added to or reduced their stakes in UP. UMB Bank n.a. bought a new position in Wheels Up Experience during the third quarter worth about $55,000. Instrumental Wealth LLC bought a new position in Wheels Up Experience during the third quarter worth about $78,000. Stratos Wealth Partners LTD. bought a new position in Wheels Up Experience during the third quarter worth about $38,000. Vanguard Personalized Indexing Management LLC bought a new position in Wheels Up Experience during the third quarter worth about $37,000. Finally, Pathstone Family Office LLC bought a new position in Wheels Up Experience during the third quarter worth about $37,000. Institutional investors 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.