Wheels Up Experience (NYSE:UP) Trading Down 6% – Time to Sell?

Shares of Wheels Up Experience Inc. (NYSE:UP) were down 6% on Thursday . The company traded as low as $2.03 and last traded at $2.04. Approximately 229,161 shares changed hands during trading, a decline of 77% from the average daily volume of 1,014,733 shares. The stock had previously closed at $2.17.

Wheels Up Experience Trading Down 7.4 %

The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -4.34 and a beta of 2.24. The business has a 50-day moving average of $2.15 and a two-hundred day moving average of $2.33. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 238.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Wheels Up Experience by 277.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after acquiring an additional 585,589 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Wheels Up Experience in the third quarter valued at approximately $88,000. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience in the third quarter valued at approximately $26,000. SG Americas Securities LLC bought a new position in shares of Wheels Up Experience in the third quarter valued at approximately $56,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Wheels Up Experience by 44.4% in the second quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after acquiring an additional 36,201 shares during the last quarter. Institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

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.