Wheels Up Experience (NYSE:UP) Stock Price Down 9.7%

Wheels Up Experience Inc. (NYSE:UP) was down 9.7% during mid-day trading on Wednesday . The company traded as low as $3.04 and last traded at $3.06. Approximately 482,459 shares traded hands during trading, a decline of 53% from the average daily volume of 1,037,335 shares. The stock had previously closed at $3.39.

Wheels Up Experience Stock Down 3.9 %

The company has a quick ratio of 0.36, a current ratio of 0.38 and a debt-to-equity ratio of 238.01. The company has a market cap of $2.67 billion, a P/E ratio of -0.37 and a beta of 2.23. The company has a fifty day moving average of $2.47 and a 200 day moving average of $2.91.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) EPS for the quarter. The company had revenue of $197.10 million during the quarter. Wheels Up Experience had a negative return on equity of 495.46% and a negative net margin of 44.05%.

Institutional Investors Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of UP. Kore Advisors LP purchased a new stake in Wheels Up Experience during the fourth quarter worth approximately $88,552,000. Instrumental Wealth LLC lifted its holdings in Wheels Up Experience by 315.6% in the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock valued at $531,000 after acquiring an additional 118,699 shares during the period. CCG Wealth Management LLC purchased a new stake in Wheels Up Experience during the first quarter worth about $287,000. CVA Family Office LLC purchased a new stake in Wheels Up Experience during the first quarter worth $175,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Wheels Up Experience in the 1st quarter valued at about $145,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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.