Wheels Up Experience (NYSE:UP) Announces Quarterly Earnings Results

Wheels Up Experience (NYSE:UP) issued its quarterly earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, Zacks reports.

Wheels Up Experience Price Performance

NYSE UP traded down $0.05 during trading on Wednesday, reaching $1.23. The company’s stock had a trading volume of 5,414,038 shares, compared to its average volume of 3,126,129. The stock has a market capitalization of $856.03 million, a PE ratio of -2.61 and a beta of 2.30. The firm has a fifty day moving average of $1.98 and a 200 day moving average of $1.62. Wheels Up Experience has a one year low of $0.74 and a one year high of $3.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, Director Donald Lee Moak sold 43,166 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $3.11, for a total transaction of $134,246.26. Following the transaction, the director directly owned 180,431 shares in the company, valued at approximately $561,140.41. This represents a 19.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David L. Holtz sold 36,318 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $2.92, for a total value of $106,048.56. Following the transaction, the chief operating officer owned 954,254 shares in the company, valued at $2,786,421.68. This trade represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 224,907 shares of company stock worth $617,064. 0.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UP. Hudson Bay Capital Management LP purchased a new position in shares of Wheels Up Experience in the 2nd quarter valued at approximately $25,000. Creative Planning bought a new position in Wheels Up Experience during the 2nd quarter valued at approximately $25,000. Beck Mack & Oliver LLC bought a new position in Wheels Up Experience during the 2nd quarter valued at approximately $27,000. Engineers Gate Manager LP bought a new position in Wheels Up Experience during the 2nd quarter valued at approximately $40,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Wheels Up Experience during the 2nd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.