Wheels Up Experience (NYSE:UP) Trading Down 6.9% – Here’s Why

Shares of Wheels Up Experience Inc. (NYSE:UP) traded down 6.9% during trading on Monday . The stock traded as low as $0.79 and last traded at $0.79. 146,395 shares were traded during trading, a decline of 86% from the average session volume of 1,037,114 shares. The stock had previously closed at $0.85.

Wheels Up Experience Price Performance

The stock has a market capitalization of $565.32 million, a P/E ratio of -1.62 and a beta of 2.39. The stock’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.68.

Wheels Up Experience (NYSE:UP) last issued its 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%. The company had revenue of $204.82 million during the quarter.

Insiders Place Their Bets

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Wheels Up Experience

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC grew its holdings in shares of Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after buying an additional 10,740 shares in the last quarter. Stifel Financial Corp purchased a new position in Wheels Up Experience during the 3rd quarter valued at about $41,000. Wells Fargo & Company MN increased its holdings in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after purchasing an additional 14,299 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Wheels Up Experience by 110.7% during the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock worth $80,000 after purchasing an additional 25,495 shares during the period. Finally, Focus Partners Wealth purchased a new position in Wheels Up Experience during the fourth quarter valued at approximately $110,000. 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 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.