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

Wheels Up Experience Inc. (NYSE:UP)’s share price traded down 6% during mid-day trading on Wednesday . The stock 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 company has a debt-to-equity ratio of 238.01, a quick ratio of 0.36 and a current ratio of 0.38. The firm’s 50-day simple moving average is $2.34 and its 200-day simple moving average is $2.88.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (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 company had revenue of $197.10 million for the quarter.

Institutional Investors Weigh In On Wheels Up Experience

Hedge funds have recently made changes to their positions in the business. American Financial Advisors LLC bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $34,000. Victory Capital Management Inc. bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $38,000. Kore Advisors LP bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $88,552,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $36,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $80,000. 98.20% of the stock is currently owned by institutional investors.

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.