Wheels Up Experience’s (UP) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Wheels Up Experience (NYSE:UP) in a research note released on Wednesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheels Up Experience presently has an average rating of “Sell”.

Wheels Up Experience Stock Down 11.8%

Shares of UP stock opened at $1.69 on Wednesday. The company has a 50 day moving average price of $2.06 and a 200-day moving average price of $1.53. Wheels Up Experience has a 52 week low of $0.74 and a 52 week high of $3.50. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.59 and a beta of 2.32.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $189.64 million for the quarter.

Insider Buying and Selling

In related news, COO David L. Holtz sold 36,318 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,786,421.68. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donald Lee Moak sold 43,166 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $3.11, for a total transaction of $134,246.26. Following the completion of the transaction, the director directly owned 180,431 shares in the company, valued at approximately $561,140.41. The trade was a 19.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 224,907 shares of company stock valued at $617,064 in the last 90 days. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Wheels Up Experience

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Wheels Up Experience by 72.5% during the fourth quarter. Bank of America Corp DE now owns 73,560 shares of the company’s stock valued at $121,000 after purchasing an additional 30,919 shares in the last quarter. EWA LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $43,000. Nuveen LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $148,000. Deutsche Bank AG lifted its holdings in Wheels Up Experience by 69.0% during the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock valued at $74,000 after purchasing an additional 30,058 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $27,000. 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.