Wheels Up Experience (NYSE:UP) Hits New 52-Week Low - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $0.74 and last traded at $0.76, with a volume of 177901 shares changing hands. The stock had previously closed at $0.83.

Wheels Up Experience Trading Down 1.2 %

The stock has a market capitalization of $582.09 million, a price-to-earnings ratio of -1.67 and a beta of 2.39. The firm has a 50-day moving average of $1.03 and a 200-day moving average of $1.60.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The business had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.

Insider Buying and Selling at Wheels Up Experience

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the sale, the insider now directly owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Wheels Up Experience by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after purchasing an additional 13,372 shares in the last quarter. State Street Corp increased its position in shares of Wheels Up Experience by 41.9% in the third quarter. State Street Corp now owns 1,322,891 shares of the company's stock valued at $3,201,000 after buying an additional 390,414 shares in the last quarter. Northern Trust Corp raised its stake in shares of Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company's stock worth $1,387,000 after buying an additional 81,293 shares during the period. First Trust Advisors LP purchased a new position in shares of Wheels Up Experience during the 4th quarter valued at approximately $1,264,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Wheels Up Experience during the 4th quarter valued at approximately $339,000. 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.