Wheels Up Experience (NYSE:UP) Shares Down 6.2%

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares fell 6.2% on Friday . The company traded as low as $2.68 and last traded at $2.70. 45,512 shares traded hands during trading, a decline of 95% from the average session volume of 842,440 shares. The stock had previously closed at $2.88.

Wheels Up Experience Price Performance

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 business's 50-day moving average is $2.95 and its two-hundred day moving average is $2.62. The company has a market capitalization of $1.85 billion, a P/E ratio of -0.19 and a beta of 2.21.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($2.60) by $2.47. Wheels Up Experience had a negative net margin of 38.89% and a negative return on equity of 291.29%. The company had revenue of $246.38 million for the quarter.

Insiders Place Their Bets

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $2.54, for a total value of $72,169.02. Following the sale, the insider now owns 37,707 shares of the company's stock, valued at $95,775.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Wheels Up Experience

Large investors have recently modified their holdings of the business. American Financial Advisors LLC purchased a new position in shares of Wheels Up Experience in the fourth quarter worth about $34,000. Quadrature Capital Ltd purchased a new position in Wheels Up Experience during the fourth quarter valued at approximately $34,000. Raymond James Financial Services Advisors Inc. purchased a new position in Wheels Up Experience during the fourth quarter valued at approximately $36,000. Integrated Wealth Concepts LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $34,000. Finally, Victory Capital Management Inc. purchased a new position in Wheels Up Experience during the fourth quarter valued at approximately $38,000. Hedge funds and other 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.