Wheels Up Experience (NYSE:UP) Posts Quarterly Earnings Results

Wheels Up Experience (NYSE:UP) released its earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. The firm had revenue of $185.49 million during the quarter.

Wheels Up Experience Stock Performance

Wheels Up Experience stock traded down $0.02 on Friday, reaching $1.25. The company’s stock had a trading volume of 947,637 shares, compared to its average volume of 3,129,389. The business’s fifty day moving average price is $1.90 and its 200 day moving average price is $1.61. The company has a market cap of $870.00 million, a price-to-earnings ratio of -2.46 and a beta of 2.30. Wheels Up Experience has a twelve month low of $0.74 and a twelve month high of $3.50.

Insider Buying and Selling at Wheels Up Experience

In other news, Director Donald Lee Moak sold 43,166 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $3.11, for a total value of $134,246.26. Following the transaction, the director owned 180,431 shares of the company’s stock, valued at approximately $561,140.41. This trade represents a 19.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Godsman sold 75,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $2.83, for a total transaction of $212,250.00. Following the completion of the sale, the insider owned 976,715 shares in the company, valued at approximately $2,764,103.45. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,907 shares of company stock valued at $617,064 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Wheels Up Experience

A number of hedge funds and other institutional investors have recently modified their holdings of UP. Hudson Bay Capital Management LP bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC raised its position in Wheels Up Experience by 830.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 89,340 shares of the company’s stock worth $96,000 after purchasing an additional 79,742 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Wheels Up Experience during the second quarter valued at approximately $40,000. Beck Mack & Oliver LLC bought a new stake in shares of Wheels Up Experience in the second quarter worth about $27,000. Finally, Brevan Howard Capital Management LP purchased a new position in Wheels Up Experience during the 2nd quarter valued at $172,000. Institutional investors own 98.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheels Up Experience currently has a consensus rating of “Sell”.

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.