Wheels Up Experience Target of Unusually High Options Trading (NYSE:UP)

Wheels Up Experience Inc. (NYSE:UP) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 3,107 put options on the company. This represents an increase of approximately 472% compared to the average daily volume of 543 put options.

Hedge Funds Weigh In On Wheels Up Experience

Large investors have recently modified their holdings of the business. Kore Advisors LP bought a new stake in shares of Wheels Up Experience in the 4th quarter valued at about $88,552,000. Instrumental Wealth LLC boosted its stake in shares of Wheels Up Experience by 315.6% during the 4th quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock worth $531,000 after acquiring an additional 118,699 shares during the period. CCG Wealth Management LLC bought a new position in shares of Wheels Up Experience during the 1st quarter worth approximately $287,000. CVA Family Office LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter worth approximately $175,000. Finally, Cannon Global Investment Management LLC bought a new stake in Wheels Up Experience in the 1st quarter valued at $145,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Wheels Up Experience Trading Up 16.7 %

Shares of Wheels Up Experience stock traded up $0.54 during trading hours on Friday, hitting $3.78. The company’s stock had a trading volume of 2,383,005 shares, compared to its average volume of 997,435. Wheels Up Experience has a 12 month low of $1.03 and a 12 month high of $6.08. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.38 and a quick ratio of 0.36. The company has a market capitalization of $2.64 billion, a PE ratio of -0.35 and a beta of 2.23. The stock has a 50 day moving average of $2.34 and a 200 day moving average of $2.88.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $197.10 million for the quarter. Wheels Up Experience had a negative return on equity of 495.46% and a negative net margin of 44.05%.

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.