Wheels Up Experience Inc. $UP is Kore Advisors LP’s Largest Position

Kore Advisors LP cut its stake in Wheels Up Experience Inc. (NYSE:UP) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,257,134 shares of the company’s stock after selling 375,131 shares during the quarter. Wheels Up Experience comprises about 27.4% of Kore Advisors LP’s holdings, making the stock its biggest holding. Kore Advisors LP’s holdings in Wheels Up Experience were worth $24,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Wheels Up Experience in the second quarter worth $198,000. AQR Capital Management LLC purchased a new position in shares of Wheels Up Experience in the 1st quarter worth about $156,000. Nuveen LLC bought a new position in Wheels Up Experience in the 1st quarter worth about $148,000. XTX Topco Ltd purchased a new stake in Wheels Up Experience during the 2nd quarter valued at about $141,000. Finally, Cetera Investment Advisers bought a new stake in Wheels Up Experience during the 2nd quarter valued at about $78,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Insider Activity

In other Wheels Up Experience news, insider Meaghan Danielle Wells sold 47,931 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $1.22, for a total transaction of $58,475.82. Following the completion of the sale, the insider directly owned 526,681 shares of the company’s stock, valued at approximately $642,550.82. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Briffa sold 86,813 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.23, for a total transaction of $106,779.99. Following the sale, the insider directly owned 866,670 shares in the company, valued at approximately $1,066,004.10. This represents a 9.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 144,648 shares of company stock worth $186,847. 0.15% of the stock is owned by company insiders.

Wheels Up Experience Stock Down 1.3%

Shares of NYSE:UP opened at $0.77 on Friday. The stock has a market capitalization of $557.16 million, a P/E ratio of -1.51 and a beta of 2.30. Wheels Up Experience Inc. has a 52 week low of $0.64 and a 52 week high of $3.50. The firm has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $1.60.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $185.49 million for the quarter.

Analyst Upgrades and Downgrades

UP has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, October 8th. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average 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.