Wheels Up Experience (NYSE:UP) Shares Up 5.3% – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s share price rose 5.3% during trading on Tuesday . The stock traded as high as $2.20 and last traded at $2.20. Approximately 309,235 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,028,137 shares. The stock had previously closed at $2.09.

Wheels Up Experience Trading Up 2.8 %

The company has a market cap of $1.53 billion, a price-to-earnings ratio of -0.21 and a beta of 2.23. The business’s 50-day simple moving average is $2.08 and its 200-day simple moving average is $2.38. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $196.29 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently bought and sold shares of the stock. Koss Olinger Consulting LLC purchased a new stake in Wheels Up Experience during the third quarter valued at about $26,000. SG Americas Securities LLC purchased a new stake in shares of Wheels Up Experience during the 3rd quarter worth about $56,000. The Manufacturers Life Insurance Company increased its position in shares of Wheels Up Experience by 44.4% in the second 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 in the last quarter. Renaissance Technologies LLC acquired a new stake in Wheels Up Experience in the 2nd quarter valued at $28,000. Finally, Rhumbline Advisers grew its stake in shares of Wheels Up Experience by 15,329.7% in the second quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock valued at $165,000 after buying an additional 86,766 shares in the last quarter. 98.20% of the stock is currently owned by hedge funds and other 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.