Wheels Up Experience (NYSE:UP) Shares Gap Down to $1.97

Wheels Up Experience Inc. (NYSE:UP) shares gapped down prior to trading on Tuesday . The stock had previously closed at $1.97, but opened at $1.93. Wheels Up Experience shares last traded at $1.89, with a volume of 90,704 shares changing hands.

Wheels Up Experience Stock Performance

The company has a market cap of $1.49 billion, a price-to-earnings ratio of -0.21 and a beta of 2.20. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.33. The company has a fifty day moving average of $2.47 and a two-hundred day moving average of $2.49.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $196.29 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new position in Wheels Up Experience in the fourth quarter valued at approximately $38,000. Kore Advisors LP bought a new position in Wheels Up Experience during the fourth quarter worth $88,552,000. Quadrature Capital Ltd acquired a new stake in Wheels Up Experience in the fourth quarter worth $34,000. CVA Family Office LLC bought a new stake in Wheels Up Experience in the 1st quarter valued at about $175,000. Finally, Cannon Global Investment Management LLC acquired a new position in Wheels Up Experience during the 1st quarter worth approximately $145,000. 98.20% of the stock is currently owned by institutional investors.

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.