Wheels Up Experience (NYSE:UP) Trading 9.4% Higher – Here’s Why

Wheels Up Experience Inc. (NYSE:UP) shares traded up 9.4% on Wednesday . The company traded as high as $2.24 and last traded at $2.22. 675,963 shares were traded during trading, a decline of 33% from the average session volume of 1,013,659 shares. The stock had previously closed at $2.03.

Wheels Up Experience Trading Up 6.9 %

The business’s 50-day moving average is $2.14 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.31.

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Wheels Up Experience by 277.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after acquiring an additional 585,589 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Wheels Up Experience by 1,399.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after acquiring an additional 246,742 shares during the period. Rhumbline Advisers raised its stake in shares of Wheels Up Experience by 15,329.7% in the 2nd quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock valued at $165,000 after acquiring an additional 86,766 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Wheels Up Experience in the 3rd quarter valued at approximately $88,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Wheels Up Experience by 44.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock valued at $223,000 after acquiring an additional 36,201 shares during the period. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.