36,233 Shares in Wheels Up Experience Inc. (NYSE:UP) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Wheels Up Experience Inc. (NYSE:UP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,233 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Koss Olinger Consulting LLC purchased a new position in Wheels Up Experience in the third quarter valued at approximately $26,000. Renaissance Technologies LLC bought a new stake in shares of Wheels Up Experience in the second quarter valued at $28,000. CIBC Asset Management Inc purchased a new position in shares of Wheels Up Experience during the 2nd quarter valued at $37,000. SG Americas Securities LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter worth $56,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Wheels Up Experience by 44.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock worth $223,000 after acquiring an additional 36,201 shares during the last quarter. 98.20% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Donald Lee Moak sold 20,000 shares of Wheels Up Experience stock in a transaction on Monday, November 25th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the transaction, the director now directly owns 130,231 shares in the company, valued at approximately $325,577.50. The trade was a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wheels Up Experience Trading Up 1.9 %

Shares of Wheels Up Experience stock opened at $2.14 on Monday. The stock has a market capitalization of $1.49 billion, a P/E ratio of -4.28 and a beta of 2.32. Wheels Up Experience Inc. has a 52-week low of $1.40 and a 52-week high of $6.08. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.22 and a current ratio of 0.31. The stock’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.29.

Wheels Up Experience 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.