Wheels Up Experience (NYSE:UP) Shares Up 7.4% – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP) was up 7.4% during trading on Tuesday . The stock traded as high as $2.15 and last traded at $2.11. Approximately 764,736 shares traded hands during trading, a decline of 25% from the average daily volume of 1,013,309 shares. The stock had previously closed at $1.96.

Wheels Up Experience Price Performance

The company has a market cap of $1.45 billion, a PE ratio of -0.53 and a beta of 2.24. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31. The stock’s 50-day moving average is $2.11 and its 200 day moving average is $2.34.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%. The business had revenue of $196.29 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. Koss Olinger Consulting LLC acquired a new stake in Wheels Up Experience during the 3rd quarter worth about $26,000. Renaissance Technologies LLC acquired a new stake in shares of Wheels Up Experience during the second quarter worth about $28,000. CIBC Asset Management Inc purchased a new position in Wheels Up Experience during the 2nd quarter worth approximately $37,000. Capital Square LLC acquired a new position in shares of Wheels Up Experience in the 1st quarter valued at about $41,000. Finally, SG Americas Securities LLC purchased a new position in shares of Wheels Up Experience in the third quarter valued at approximately $56,000. 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.