Wheels Up Experience (NYSE:UP) Trading Down 6.2%

Shares of Wheels Up Experience Inc. (NYSE:UP) were down 6.2% during mid-day trading on Tuesday . The stock traded as low as $2.39 and last traded at $2.43. Approximately 234,502 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 775,342 shares. The stock had previously closed at $2.59.

Wheels Up Experience Stock Performance

The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.45 and a current ratio of 0.48. The firm’s 50 day moving average is $2.65 and its 200-day moving average is $2.69. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -0.17 and a beta of 2.24.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, March 7th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($2.60) by $2.47. The firm had revenue of $246.38 million for the quarter. Wheels Up Experience had a negative net margin of 38.89% and a negative return on equity of 291.29%.

Insider Buying and Selling

In related news, insider Laura Heltebran sold 28,413 shares of Wheels Up Experience stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $2.54, for a total value of $72,169.02. Following the transaction, the insider now owns 37,707 shares in the company, valued at approximately $95,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Knighthead Capital Management LLC acquired a new position in Wheels Up Experience in the third quarter worth about $125,365,000. Pathstone Family Office LLC acquired a new position in Wheels Up Experience in the third quarter worth about $37,000. American Financial Advisors LLC acquired a new position in Wheels Up Experience in the fourth quarter worth about $34,000. Raymond James Financial Services Advisors Inc. acquired a new position in Wheels Up Experience in the fourth quarter worth about $36,000. Finally, Tower Research Capital LLC TRC acquired a new position in Wheels Up Experience in the fourth quarter worth about $80,000. 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.