Wheels Up Experience (NYSE:UP) Hits New 12-Month Low – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $1.12 and last traded at $1.13, with a volume of 36790 shares. The stock had previously closed at $1.17.

Wheels Up Experience Trading Down 2.1 %

The company has a market cap of $799.10 million, a price-to-earnings ratio of -2.29 and a beta of 2.39. The firm has a 50-day moving average price of $1.54 and a 200 day moving average price of $1.90.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently bought and sold shares of UP. Stifel Financial Corp acquired a new stake in Wheels Up Experience during the third quarter valued at approximately $41,000. Hsbc Holdings PLC raised its position in shares of Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock worth $35,000 after purchasing an additional 10,740 shares during the period. Intech Investment Management LLC acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at $88,000. Wells Fargo & Company MN increased its stake in Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock worth $71,000 after purchasing an additional 14,299 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Wheels Up Experience by 110.7% during the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock worth $80,000 after buying an additional 25,495 shares during the period. 98.20% of the stock is owned by institutional investors and hedge funds.

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.