Wheels Up Experience Inc. (NYSE:UP - Get Free Report) fell 5.7% on Wednesday . The stock traded as low as $1.58 and last traded at $1.57. 112,312 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,063,246 shares. The stock had previously closed at $1.66.
Wheels Up Experience Trading Down 8.7%
The company's 50 day moving average is $1.12 and its 200-day moving average is $1.49. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.03 and a beta of 2.35.
Wheels Up Experience (NYSE:UP - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The company 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 related news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the transaction, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company's stock.
Institutional Investors Weigh In On Wheels Up Experience
Hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $115,000. Wells Fargo & Company MN raised its holdings in shares of Wheels Up Experience by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after purchasing an additional 14,299 shares during the last quarter. CIBC Private Wealth Group LLC raised 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 purchasing an additional 74,870 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $1,264,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $339,000. Institutional investors own 98.20% of the company's stock.
About Wheels Up Experience
(
Get Free Report)
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.
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