Wheels Up Experience (NYSE:UP) Sets New 1-Year Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.47 and last traded at $1.47, with a volume of 5102 shares trading hands. The stock had previously closed at $1.56.

Wheels Up Experience Stock Performance

The business’s fifty day moving average price is $1.82 and its 200-day moving average price is $2.03. The stock has a market cap of $1.05 billion, a PE ratio of -3.01 and a beta of 2.39.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $193.90 million for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.

Insider Buying and Selling at Wheels Up Experience

In other news, Director Donald Lee Moak sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $2.50, for a total transaction of $50,000.00. Following the completion of the transaction, the director now owns 130,231 shares in the company, valued at $325,577.50. This trade represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Koss Olinger Consulting LLC purchased a new position in Wheels Up Experience during the 3rd quarter valued at approximately $26,000. Renaissance Technologies LLC purchased a new position in Wheels Up Experience during the 2nd quarter valued at approximately $28,000. Stifel Financial Corp purchased a new position in Wheels Up Experience during the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new position in Wheels Up Experience during the 3rd quarter valued at approximately $56,000. Finally, Intech Investment Management LLC purchased a new position in shares of Wheels Up Experience in the 3rd quarter worth approximately $88,000. 98.20% of the stock is owned by institutional investors.

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.