Wheels Up Experience (NYSE:UP) Shares Gap Down – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $2.24, but opened at $2.19. Wheels Up Experience shares last traded at $2.19, with a volume of 25,120 shares trading hands.

Wheels Up Experience Stock Up 4.1 %

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -0.22 and a beta of 2.23. The firm has a 50 day moving average of $2.06 and a 200 day moving average of $2.38. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 238.01.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%. The company had revenue of $196.29 million for the quarter.

Institutional Trading of Wheels Up Experience

Large investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Wheels Up Experience in the 1st quarter worth about $67,000. Capital Square LLC purchased a new position in shares of Wheels Up Experience during the first quarter valued at approximately $41,000. Bank of New York Mellon Corp grew its holdings in Wheels Up Experience by 1,399.2% during the second quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock worth $500,000 after buying an additional 246,742 shares in the last quarter. CIBC Asset Management Inc bought a new position in Wheels Up Experience during the 2nd quarter valued at $37,000. Finally, Rhumbline Advisers boosted its holdings in Wheels Up Experience by 15,329.7% during the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock worth $165,000 after acquiring an additional 86,766 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.