Wheels Up Experience (NYSE:UP) Stock Price Up 4.8%

Wheels Up Experience Inc. (NYSE:UP)’s stock price rose 4.8% on Monday . The stock traded as high as $1.98 and last traded at $1.98. Approximately 168,658 shares traded hands during trading, a decline of 80% from the average daily volume of 863,743 shares. The stock had previously closed at $1.89.

Wheels Up Experience Stock Up 2.0 %

The company’s 50 day moving average price is $2.30 and its two-hundred day moving average price is $2.87. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.36 and a current ratio of 0.38.

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

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently made changes to their positions in the business. Knighthead Capital Management LLC acquired a new stake in shares of Wheels Up Experience during the third quarter worth $125,365,000. Kore Advisors LP acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at about $88,552,000. Instrumental Wealth LLC raised its stake in shares of Wheels Up Experience by 315.6% in the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock worth $531,000 after purchasing an additional 118,699 shares during the last quarter. CCG Wealth Management LLC purchased a new position in shares of Wheels Up Experience in the first quarter worth about $287,000. Finally, CVA Family Office LLC acquired a new stake in shares of Wheels Up Experience during the first quarter worth about $175,000. 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.