Wheels Up Experience (NYSE:UP) Shares Set to Reverse Split on Monday, April 27th

Key Points

• 1-for-20 reverse stock split announced for Wheels Up Experience (NYSE:UP) will take effect before market open on Monday, April 27, with shareholder share counts adjusted after the close on Friday, April 24.
• Shares have been weak—down about 21.9% in the report, opening near $0.42 and trading below their 50- and 200-day moving averages, with a market cap around $306.7 million and a negative P/E.
• The stock carries an average analyst rating of "Sell" and is heavily institutionally owned (about 98.2%), although some funds like Millennium Management slightly increased positions recently.

Wheels Up Experience Inc. (NYSE:UP - Free Report) shares are set to reverse split before the market opens on Monday, April 27th. The 1-20 reverse split was announced on Tuesday, April 14th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 24th.

Wheels Up Experience Trading Down 21.9%

Shares of UP stock opened at $0.42 on Wednesday. The stock has a 50 day moving average of $0.57 and a 200 day moving average of $0.88. The stock has a market cap of $306.74 million, a P/E ratio of -1.01 and a beta of 2.35. Wheels Up Experience has a twelve month low of $0.36 and a twelve month high of $3.50.

Analyst Upgrades and Downgrades

UP has been the subject of several recent research reports. Wall Street Zen upgraded Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has an average rating of "Sell".

Institutional Trading of Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $25,000. Millennium Management LLC increased its position in shares of Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company's stock valued at $859,000 after buying an additional 14,332 shares in the last quarter. Unconventional Investor LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $31,000. WealthShield Partners LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $37,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.

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