Wheels Up Experience (NYSE:UP) Shares Up 5.4% – Here’s Why

Wheels Up Experience Inc. (NYSE:UP)’s share price shot up 5.4% during mid-day trading on Thursday . The stock traded as high as $1.05 and last traded at $1.07. 116,043 shares were traded during trading, a decline of 89% from the average session volume of 1,014,427 shares. The stock had previously closed at $1.01.

Wheels Up Experience Stock Performance

The firm has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.87. The firm has a market cap of $764.20 million, a price-to-earnings ratio of -2.19 and a beta of 2.42.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The business had revenue of $204.82 million during the quarter.

Institutional Investors Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently made changes to their positions in UP. Hsbc Holdings PLC boosted its stake in Wheels Up Experience by 97.3% during the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after purchasing an additional 10,740 shares during the period. Stifel Financial Corp bought a new position in shares of Wheels Up Experience in the third quarter worth $41,000. Wells Fargo & Company MN lifted its holdings in Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock worth $71,000 after purchasing an additional 14,299 shares during the period. SG Americas Securities LLC raised its position in shares of Wheels Up Experience by 110.7% during the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock worth $80,000 after buying an additional 25,495 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Wheels Up Experience in the third quarter worth approximately $88,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Wheels Up Experience Company Profile

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.