Wheels Up Experience (NYSE:UP) Stock Price Down 7.6%

Wheels Up Experience Inc. (NYSE:UPGet Free Report) shares dropped 7.6% during mid-day trading on Tuesday . The stock traded as low as $2.64 and last traded at $2.66. Approximately 179,048 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 886,373 shares. The stock had previously closed at $2.88.

Wheels Up Experience Stock Up 3.1 %

The company has a 50 day moving average price of $3.02 and a 200 day moving average price of $2.62. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.48 and a quick ratio of 0.45.

Wheels Up Experience (NYSE:UPGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($2.60) by $2.47. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%. The business had revenue of $246.38 million during the quarter.

Insider Buying and Selling

In other news, insider Laura Heltebran sold 28,413 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total value of $72,169.02. Following the transaction, the insider now owns 37,707 shares of the company’s stock, valued at $95,775.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mirabella Financial Services LLP raised its position in Wheels Up Experience by 31.2% during the 1st quarter. Mirabella Financial Services LLP now owns 16,714 shares of the company’s stock worth $52,000 after purchasing an additional 3,975 shares during the last quarter. Creative Planning raised its position in Wheels Up Experience by 9.0% during the 2nd quarter. Creative Planning now owns 56,687 shares of the company’s stock worth $111,000 after purchasing an additional 4,677 shares during the last quarter. Virtu Financial LLC raised its position in Wheels Up Experience by 42.8% during the 4th quarter. Virtu Financial LLC now owns 21,247 shares of the company’s stock worth $73,000 after purchasing an additional 6,371 shares during the last quarter. Royal Bank of Canada raised its position in Wheels Up Experience by 12.3% during the 1st quarter. Royal Bank of Canada now owns 71,670 shares of the company’s stock worth $223,000 after purchasing an additional 7,827 shares during the last quarter. Finally, Raymond James & Associates raised its position in Wheels Up Experience by 8.4% during the 1st quarter. Raymond James & Associates now owns 113,576 shares of the company’s stock worth $353,000 after purchasing an additional 8,800 shares during the last quarter. 98.20% of the stock is currently 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 membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.

Further Reading

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