Ck Wheels Llc Sells 5,309 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 5,309 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $8.07, for a total value of $42,843.63. Following the sale, the insider owned 12,897,878 shares of the company’s stock, valued at approximately $104,085,875.46. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.15, for a total value of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.52, for a total value of $10,667.04.

Wheels Up Experience Stock Up 3.1%

Shares of UP traded up $0.24 during mid-day trading on Wednesday, hitting $7.77. The stock had a trading volume of 73,288 shares, compared to its average volume of 201,968. The company has a market cap of $281.35 million, a PE ratio of -0.98 and a beta of 2.06. The company’s fifty day simple moving average is $7.68 and its two-hundred day simple moving average is $11.23. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Tuesday, May 12th. The company reported ($2.29) EPS for the quarter. The firm had revenue of $168.92 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds have recently modified their holdings of the stock. Knighthead Capital Management LLC acquired a new position in shares of Wheels Up Experience in the 1st quarter worth $133,344,000. Kore Advisors LP grew its holdings in shares of Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock valued at $7,848,000 after buying an additional 94,176 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Wheels Up Experience by 9.8% during the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock valued at $6,651,000 after buying an additional 323,945 shares in the last quarter. Millennium Management LLC grew its stake in Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after purchasing an additional 14,332 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Wheels Up Experience by 35.9% in the first quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock valued at $548,000 after purchasing an additional 280,705 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.