Wheels Up Experience (NYSE:UP) Trading Down 4.1%

Wheels Up Experience Inc. (NYSE:UP)’s stock price dropped 4.1% during mid-day trading on Friday . The stock traded as low as $2.52 and last traded at $2.55. Approximately 205,216 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 822,906 shares. The stock had previously closed at $2.66.

Wheels Up Experience Price Performance

The company has a debt-to-equity ratio of 2.41, a current ratio of 0.48 and a quick ratio of 0.45. The company’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.64. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -0.18 and a beta of 2.21.

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

Insider Transactions at Wheels Up Experience

In other news, insider Laura Heltebran sold 28,413 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $2.54, for a total transaction of $72,169.02. Following the completion of the sale, the insider now owns 37,707 shares of the company’s stock, valued at $95,775.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Wheels Up Experience

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in Wheels Up Experience in the second quarter worth $27,000. Price T Rowe Associates Inc. MD boosted its holdings in Wheels Up Experience by 64.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 24,945 shares of the company’s stock worth $29,000 after purchasing an additional 9,758 shares during the period. Cetera Advisors LLC acquired a new position in Wheels Up Experience in the fourth quarter worth $29,000. American Financial Advisors LLC acquired a new position in Wheels Up Experience in the fourth quarter worth $34,000. Finally, Quadrature Capital Ltd acquired a new position in Wheels Up Experience in the fourth quarter worth $34,000. 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.