Wheels Up Experience (NYSE:UP) Sets New 12-Month High - Should You Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $1.16 and last traded at $1.14, with a volume of 1006444 shares trading hands. The stock had previously closed at $0.99.

Wheels Up Experience Trading Up 6.3 %

The stock has a market cap of $824.57 million, a PE ratio of -2.36 and a beta of 2.39. The company's 50 day moving average is $0.99 and its 200-day moving average is $1.56.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Buying and Selling at Wheels Up Experience

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the transaction, the insider now owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its stake in Wheels Up Experience by 320.8% in the third quarter. Barclays PLC now owns 127,939 shares of the company's stock valued at $309,000 after acquiring an additional 97,532 shares during the period. Geode Capital Management LLC grew its stake in Wheels Up Experience by 57.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company's stock worth $4,757,000 after buying an additional 718,411 shares during the last quarter. SG Americas Securities LLC increased its position in Wheels Up Experience by 110.7% in the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock worth $80,000 after buying an additional 25,495 shares during the period. Corient Private Wealth LLC bought a new stake in Wheels Up Experience in the fourth quarter valued at $339,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Wheels Up Experience by 48,303.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock valued at $119,000 after acquiring an additional 74,870 shares during the period. 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 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.