Wheels Up Experience (NYSE:UP) Stock Price Up 6.7%

Shares of Wheels Up Experience Inc. (NYSE:UP) rose 6.7% on Monday . The company traded as high as $2.56 and last traded at $2.56. Approximately 255,616 shares were traded during trading, a decline of 67% from the average daily volume of 779,143 shares. The stock had previously closed at $2.40.

Wheels Up Experience Price 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 stock has a market cap of $1.81 billion, a P/E ratio of -0.19 and a beta of 2.24. The firm has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.68.

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

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Financial Advisors LLC purchased a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $34,000. Quadrature Capital Ltd purchased a new position in Wheels Up Experience in the fourth quarter worth about $34,000. Raymond James Financial Services Advisors Inc. purchased a new position in Wheels Up Experience in the fourth quarter worth about $36,000. Pathstone Family Office LLC purchased a new stake in shares of Wheels Up Experience during the 3rd quarter valued at about $37,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Wheels Up Experience in the 3rd quarter worth approximately $37,000. Institutional investors 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.