Wheels Up Experience (NYSE:UP) Announces Earnings Results

Key Points

• Wheels Up Experience reported a quarterly earnings per share (EPS) of ($0.11) and revenue of $189.64 million.
• The stock price reached $1.41 following its earnings announcement, with a market capitalization of approximately $985.29 million.
• Institutional investors own 98.20% of Wheels Up Experience, indicating strong institutional confidence in the company's performance.

Wheels Up Experience (NYSE:UP - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $189.64 million for the quarter.

Wheels Up Experience Price Performance

NYSE UP traded up $0.01 on Tuesday, hitting $1.45. 457,546 shares of the stock were exchanged, compared to its average volume of 973,820. The business's fifty day moving average is $1.38 and its 200 day moving average is $1.27. Wheels Up Experience has a 52 week low of $0.74 and a 52 week high of $2.78. The company has a market capitalization of $1.01 billion, a PE ratio of -3.07 and a beta of 2.33.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th.

Institutional Trading of Wheels Up Experience

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in Wheels Up Experience during the 2nd quarter worth approximately $25,000. Cetera Investment Advisers acquired a new stake in Wheels Up Experience during the 2nd quarter worth approximately $78,000. Finally, AQR Capital Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth approximately $156,000. 98.20% of the stock is owned by institutional investors.

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.