OMERS ADMINISTRATION Corp lowered its position in shares of Wheels Up Experience Inc. (NYSE:UP – Free Report) by 47.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 209,900 shares of the company’s stock after selling 191,100 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Wheels Up Experience were worth $108,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of Wheels Up Experience in the first quarter valued at about $156,000. Creative Planning acquired a new stake in shares of Wheels Up Experience during the second quarter worth about $25,000. Cetera Investment Advisers acquired a new stake in shares of Wheels Up Experience during the second quarter worth about $78,000. XTX Topco Ltd purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $141,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.
Insider Buying and Selling
In other Wheels Up Experience news, major shareholder Ck Wheels Llc sold 27,524 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total value of $221,568.20. Following the sale, the insider owned 12,870,354 shares in the company, valued at approximately $103,606,349.70. This represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George N. Mattson acquired 14,983 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $5.30 per share, for a total transaction of $79,409.90. Following the purchase, the chief executive officer directly owned 14,983 shares in the company, valued at approximately $79,409.90. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 27,791 shares of company stock valued at $146,206 and sold 43,027 shares valued at $335,159. Insiders own 0.33% of the company’s stock.
Wheels Up Experience Stock Performance
Wheels Up Experience (NYSE:UP – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($2.29) EPS for the quarter. The firm had revenue of $168.92 million during the quarter.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheels Up Experience has an average rating of “Sell”.
Check Out Our Latest Stock Report on UP
About Wheels Up Experience
Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.
Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.
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