Weiss Ratings Reiterates Sell (D-) Rating for Wheels Up Experience (NYSE:UP)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Wheels Up Experience (NYSE: UP), indicating ongoing concerns about the company's performance.
• Despite the negative outlook from Weiss Ratings, Wall Street Zen has upgraded the stock from "Sell" to "Hold," showing some divergence in analyst opinions.
• The stock is currently trading at $1.94, reflecting a 3.4% increase, but it has experienced significant volatility over the past year, with a low of $0.74 and a high of $3.50.

Wheels Up Experience (NYSE:UP - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Wheels Up Experience Trading Up 3.4%

NYSE:UP traded up $0.06 during trading hours on Wednesday, hitting $1.94. 4,819,024 shares of the company were exchanged, compared to its average volume of 2,885,284. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -4.18 and a beta of 2.32. Wheels Up Experience has a one year low of $0.74 and a one year high of $3.50. The company has a fifty day simple moving average of $2.03 and a 200 day simple moving average of $1.52.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $189.64 million during the quarter.

Insider Transactions at Wheels Up Experience

In other news, insider David Godsman sold 75,000 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $2.83, for a total value of $212,250.00. Following the transaction, the insider owned 976,715 shares of the company's stock, valued at approximately $2,764,103.45. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Alexander Chatkewitz sold 23,959 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $1.46, for a total transaction of $34,980.14. Following the completion of the transaction, the chief accounting officer directly owned 507,462 shares in the company, valued at approximately $740,894.52. The trade was a 4.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,907 shares of company stock valued at $617,064. Corporate insiders own 0.15% of the company's stock.

Institutional Trading of Wheels Up Experience

Several institutional investors have recently added to or reduced their stakes in UP. Jane Street Group LLC purchased a new stake in Wheels Up Experience during the second quarter valued at about $795,000. Marshall Wace LLP purchased a new stake in Wheels Up Experience during the second quarter valued at about $222,000. Y Intercept Hong Kong Ltd purchased a new stake in Wheels Up Experience during the second quarter valued at about $198,000. Brevan Howard Capital Management LP purchased a new stake in shares of Wheels Up Experience during the second quarter worth about $172,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth about $156,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.