Wheels Up Experience (NYSE:UP) Trading Down 7.2%

Wheels Up Experience Inc. (NYSE:UP) dropped 7.2% during trading on Wednesday . The stock traded as low as $3.72 and last traded at $3.72. Approximately 204,993 shares changed hands during trading, a decline of 81% from the average daily volume of 1,053,723 shares. The stock had previously closed at $4.01.

Wheels Up Experience Price Performance

The stock has a market capitalization of $2.43 billion, a P/E ratio of -0.35 and a beta of 2.23. 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’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $2.90.

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

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently made changes to their positions in UP. American Financial Advisors LLC acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at about $34,000. Quadrature Capital Ltd acquired a new position in shares of Wheels Up Experience during the 4th quarter worth approximately $34,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Wheels Up Experience during the fourth quarter worth approximately $36,000. Victory Capital Management Inc. acquired a new stake in shares of Wheels Up Experience in the fourth quarter valued at approximately $38,000. Finally, Capital Square LLC bought a new stake in shares of Wheels Up Experience in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

About Wheels Up Experience

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.