Wheels Up Experience (NYSE:UP) Shares Down 6%

Wheels Up Experience Inc. (NYSE:UP) traded down 6% during trading on Wednesday . The company traded as low as $2.65 and last traded at $2.84. 1,472,761 shares traded hands during trading, an increase of 51% from the average session volume of 974,956 shares. The stock had previously closed at $3.02.

Wheels Up Experience Price Performance

The firm has a market capitalization of $2.26 billion, a PE ratio of -0.35 and a beta of 2.23. The firm’s fifty day moving average price is $2.30 and its 200 day moving average price is $2.87. The company has a current ratio of 0.38, a quick ratio of 0.36 and a debt-to-equity ratio of 238.01.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.13) EPS for the quarter. Wheels Up Experience had a negative net margin of 44.05% and a negative return on equity of 495.46%. The business had revenue of $197.10 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently modified their holdings of the company. American Financial Advisors LLC acquired a new stake in Wheels Up Experience during the 4th quarter valued at $34,000. Quadrature Capital Ltd bought a new stake in shares of Wheels Up Experience in the 4th quarter valued at about $34,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $36,000. Victory Capital Management Inc. acquired a new position in shares of Wheels Up Experience during the 4th quarter worth approximately $38,000. Finally, Capital Square LLC acquired a new stake in Wheels Up Experience during the 1st quarter valued at $41,000. 98.20% of the stock is currently owned by hedge funds and other 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.