Wheels Up Experience (NYSE:UP) Trading 9.9% Higher – Should You Buy?

Shares of Wheels Up Experience Inc. (NYSE:UP) were up 9.9% during trading on Monday . The company traded as high as $2.44 and last traded at $2.44. Approximately 263,259 shares changed hands during trading, a decline of 74% from the average daily volume of 1,014,028 shares. The stock had previously closed at $2.22.

Wheels Up Experience Stock Performance

The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -5.22 and a beta of 2.24. The company’s fifty day simple moving average is $2.18 and its two-hundred day simple moving average is $2.32. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.31 and a quick ratio of 0.22.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently modified their holdings of UP. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter worth $26,000. Renaissance Technologies LLC purchased a new stake in Wheels Up Experience during the second quarter valued at about $28,000. Stifel Financial Corp bought a new position in Wheels Up Experience during the third quarter worth about $41,000. CIBC Asset Management Inc purchased a new position in shares of Wheels Up Experience in the second quarter worth about $37,000. Finally, SG Americas Securities LLC bought a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $56,000. 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.