Wheels Up Experience (NYSE:UP) Reaches New 52-Week Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.05 and last traded at $1.07, with a volume of 321446 shares traded. The stock had previously closed at $1.12.

Wheels Up Experience Trading Up 4.2 %

The company has a market cap of $778.16 million, a P/E ratio of -2.23 and a beta of 2.42. The stock’s 50 day moving average is $1.48 and its 200-day moving average is $1.87.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.09) 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%.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds have recently bought and sold shares of the business. Focus Partners Wealth purchased a new position in Wheels Up Experience in the 4th quarter worth about $110,000. Bank of America Corp DE increased its position in shares of Wheels Up Experience by 72.5% during the 4th quarter. Bank of America Corp DE now owns 73,560 shares of the company’s stock valued at $121,000 after purchasing an additional 30,919 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Wheels Up Experience during the 4th quarter valued at about $199,000. Northern Trust Corp increased its position in shares of Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company’s stock valued at $1,387,000 after purchasing an additional 81,293 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Wheels Up Experience by 97.3% during the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after purchasing an additional 10,740 shares during the last quarter. Hedge funds and other 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.