Core Wealth Advisors Inc. purchased a new stake in Wheels Up Experience Inc. (NYSE:UP – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,600 shares of the company’s stock, valued at approximately $31,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in Wheels Up Experience in the third quarter valued at approximately $30,000. Paragon Capital Management Ltd purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $43,000. Kingsview Wealth Management LLC purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $66,000. Chiron Capital Management LLC purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $46,000. Finally, Austin Private Wealth LLC purchased a new stake in Wheels Up Experience in the fourth quarter valued at approximately $49,000. 56.08% of the stock is owned by hedge funds and other institutional investors.
UP stock traded down $0.17 on Tuesday, reaching $2.28. 1,449,548 shares of the company’s stock were exchanged, compared to its average volume of 2,251,333. The stock has a fifty day moving average of $3.01 and a 200-day moving average of $3.78. Wheels Up Experience Inc. has a twelve month low of $2.09 and a twelve month high of $15.00.
UP has been the subject of a number of research reports. Wolfe Research initiated coverage on Wheels Up Experience in a research note on Wednesday, February 16th. They issued a “hold” rating for the company. Raymond James reduced their price objective on Wheels Up Experience from $9.00 to $6.00 and set an “outperform” rating for the company in a research note on Friday, March 11th. Credit Suisse Group cut their price target on Wheels Up Experience from $11.00 to $8.50 and set an “outperform” rating for the company in a research note on Friday, March 11th. BTIG Research cut their price target on Wheels Up Experience from $7.00 to $5.50 in a research note on Friday, May 13th. Finally, Zacks Investment Research upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.56.
Wheels Up Experience Profile (Get Rating)
Wheels Up Experience Inc provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel.
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