Wheels Up Experience Inc. (NYSE:UP - Get Free Report) fell 6.5% during mid-day trading on Tuesday . The company traded as low as $1.52 and last traded at $1.52. 564,997 shares changed hands during trading, a decline of 47% from the average session volume of 1,061,084 shares. The stock had previously closed at $1.62.
Wheels Up Experience Price Performance
The company has a market cap of $936.38 million, a P/E ratio of -2.68 and a beta of 2.38. The stock's 50-day moving average price is $1.22 and its 200-day moving average price is $1.43.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The company had revenue of $177.53 million for the quarter.
Hedge Funds Weigh In On Wheels Up Experience
Large investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Wheels Up Experience in the 1st quarter worth $27,000. EWA LLC purchased a new stake in Wheels Up Experience during the first quarter valued at $43,000. Wells Fargo & Company MN grew its holdings in 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 period. Finally, SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 25,495 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors.
Wheels Up Experience Company Profile
(
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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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