Investors Buy Large Volume of Put Options on Wheels Up Experience (NYSE:UP)

Wheels Up Experience Inc. (NYSE:UP) was the recipient of some unusual options trading activity on Friday. Stock traders purchased 3,107 put options on the company. This is an increase of approximately 472% compared to the typical daily volume of 543 put options.

Institutional Trading of Wheels Up Experience

Several large investors have recently made changes to their positions in UP. Instrumental Wealth LLC raised its holdings in Wheels Up Experience by 21.1% in the 1st quarter. Instrumental Wealth LLC now owns 189,268 shares of the company’s stock valued at $545,000 after acquiring an additional 32,963 shares during the last quarter. Capital Square LLC acquired a new stake in shares of Wheels Up Experience in the first quarter valued at approximately $41,000. Susquehanna Fundamental Investments LLC purchased a new position in Wheels Up Experience during the first quarter worth approximately $67,000. Fifth Lane Capital LP acquired a new position in Wheels Up Experience during the first quarter worth $45,000. Finally, CCG Wealth Management LLC purchased a new stake in Wheels Up Experience in the 1st quarter valued at $287,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Wheels Up Experience Price Performance

Shares of NYSE UP traded up $0.54 during trading on Friday, hitting $3.78. The company had a trading volume of 2,383,005 shares, compared to its average volume of 997,435. Wheels Up Experience has a fifty-two week low of $1.03 and a fifty-two week high of $6.08. 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 stock has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.88. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -0.35 and a beta of 2.23.

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

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.