Wheels Up Experience (NYSE:UP) Trading 6.8% Higher

Shares of Wheels Up Experience Inc. (NYSE:UP) traded up 6.8% during trading on Tuesday . The stock traded as high as $3.48 and last traded at $3.45. 138,340 shares changed hands during trading, a decline of 87% from the average session volume of 1,051,872 shares. The stock had previously closed at $3.23.

Wheels Up Experience Trading Up 3.1 %

The company’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.88. The company has a quick ratio of 0.36, a current ratio of 0.38 and a debt-to-equity ratio of 238.01. The firm has a market capitalization of $2.32 billion, a PE ratio of -0.34 and a beta of 2.23.

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

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds have recently modified their holdings of the stock. Instrumental Wealth LLC boosted its stake in Wheels Up Experience by 21.1% in the 1st quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock worth $545,000 after purchasing an additional 32,963 shares in the last quarter. Capital Square LLC purchased a new position in shares of Wheels Up Experience in the first quarter worth $41,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Wheels Up Experience during the first quarter worth $67,000. Fifth Lane Capital LP purchased a new stake in shares of Wheels Up Experience during the first quarter valued at $45,000. Finally, CCG Wealth Management LLC acquired a new position in shares of Wheels Up Experience in the 1st quarter valued at $287,000. 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 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.