Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price dropped 6.9% on Monday . The company traded as low as $1.10 and last traded at $1.09. Approximately 249,708 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 1,051,956 shares. The stock had previously closed at $1.17.
Wheels Up Experience Stock Performance
The stock has a market cap of $999.27 million, a P/E ratio of -2.86 and a beta of 2.35. The stock's fifty day moving average is $1.00 and its 200 day moving average is $1.53.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.
Insiders Place Their Bets
In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the completion of the transaction, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.
Institutional Investors Weigh In On Wheels Up Experience
A number of institutional investors and hedge funds have recently modified their holdings of UP. Marshall Wace LLP purchased a new stake in Wheels Up Experience in the fourth quarter worth $115,000. Barclays PLC increased its stake in Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company's stock worth $309,000 after buying an additional 97,532 shares during the period. CIBC Private Wealth Group LLC increased its stake in Wheels Up Experience by 48,303.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock worth $119,000 after buying an additional 74,870 shares during the period. Corient Private Wealth LLC bought a new stake in Wheels Up Experience during the 4th quarter valued at about $339,000. Finally, First Trust Advisors LP purchased a new stake in Wheels Up Experience in the 4th quarter valued at about $1,264,000. 98.20% of the stock is owned by institutional investors.
Wheels Up Experience Company Profile
(
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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