The Manufacturers Life Insurance Company Reduces Position in Wheels Up Experience Inc. (NYSE:UP)

The Manufacturers Life Insurance Company lowered its stake in Wheels Up Experience Inc. (NYSE:UP) by 15.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,843 shares of the company’s stock after selling 17,929 shares during the period. The Manufacturers Life Insurance Company’s holdings in Wheels Up Experience were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UP. Koss Olinger Consulting LLC acquired a new stake in shares of Wheels Up Experience in the third quarter worth $26,000. Renaissance Technologies LLC purchased a new stake in shares of Wheels Up Experience in the second quarter worth about $28,000. CIBC Asset Management Inc acquired a new stake in Wheels Up Experience during the second quarter worth about $37,000. SG Americas Securities LLC acquired a new stake in Wheels Up Experience during the third quarter worth about $56,000. Finally, Intech Investment Management LLC purchased a new position in shares of Wheels Up Experience during the 3rd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Trading Down 4.8 %

UP stock opened at $2.00 on Tuesday. Wheels Up Experience Inc. has a 52-week low of $1.55 and a 52-week high of $6.08. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The firm has a market cap of $1.40 billion, a P/E ratio of -4.00 and a beta of 2.32. The company’s 50-day simple moving average is $2.16 and its 200-day simple moving average is $2.27.

Insider Activity at Wheels Up Experience

In other news, Director Donald Lee Moak sold 20,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the completion of the sale, the director now owns 130,231 shares of the company’s stock, valued at $325,577.50. The trade was a 13.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

About Wheels Up Experience

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.