Wheels Up Experience (NYSE:UP) Trading Down 4.9% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price traded down 4.9% during mid-day trading on Thursday . The stock traded as low as $1.07 and last traded at $1.07. 126,385 shares were traded during trading, a decline of 87% from the average session volume of 1,010,042 shares. The stock had previously closed at $1.12.

Wheels Up Experience Price Performance

The firm has a 50 day simple moving average of $1.38 and a 200-day simple moving average of $1.83. The stock has a market capitalization of $729.31 million, a price-to-earnings ratio of -2.09 and a beta of 2.42.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Tuesday, March 11th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.

Insider Activity

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the sale, the insider now owns 1,090,971 shares of the company’s stock, valued at approximately $1,156,429.26. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth approximately $88,000. Charles Schwab Investment Management Inc. increased its position in shares of Wheels Up Experience by 277.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock worth $1,928,000 after purchasing an additional 585,589 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth approximately $41,000. State Street Corp increased its position in shares of Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock worth $3,201,000 after purchasing an additional 390,414 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Wheels Up Experience by 320.8% during the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock worth $309,000 after purchasing an additional 97,532 shares during the last quarter. Institutional investors and hedge funds 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 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.