Wheels Up Experience (NYSE:UP) Sees Strong Trading Volume

Wheels Up Experience Inc. (NYSE:UP) saw unusually-high trading volume on Tuesday . Approximately 822,937 shares traded hands during trading, a decline of 6% from the previous session’s volume of 871,217 shares.The stock last traded at $2.69 and had previously closed at $2.22.

Wheels Up Experience Price Performance

The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.36 and a current ratio of 0.38. The stock has a market capitalization of $2.26 billion, a P/E ratio of -0.32 and a beta of 2.23. The firm has a fifty day moving average price of $2.32 and a two-hundred day moving average price of $2.87.

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

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Instrumental Wealth LLC increased its holdings in Wheels Up Experience by 21.1% during the first quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock valued at $545,000 after buying an additional 32,963 shares during the last quarter. Capital Square LLC bought a new position in Wheels Up Experience in the 1st quarter worth $41,000. Susquehanna Fundamental Investments LLC purchased a new position in Wheels Up Experience during the first quarter valued at $67,000. Fifth Lane Capital LP bought a new stake in Wheels Up Experience during the first quarter valued at about $45,000. Finally, CCG Wealth Management LLC purchased a new stake in Wheels Up Experience in the first quarter worth about $287,000. 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 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.