Wheels Up Experience (NYSE:UP) Sets New 52-Week Low – Time to Sell?

Wheels Up Experience Inc. (NYSE:UP)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $1.55 and last traded at $1.58, with a volume of 883674 shares changing hands. The stock had previously closed at $1.69.

Wheels Up Experience Stock Performance

The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01. The firm has a 50-day moving average price of $2.03 and a two-hundred day moving average price of $2.24. The firm has a market cap of $1.10 billion, a PE ratio of -3.16 and a beta of 2.40.

Insider Activity

In other news, Director Donald Lee Moak sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the sale, the director now owns 130,231 shares of the company’s stock, valued at $325,577.50. This represents a 13.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after acquiring an additional 97,532 shares during the period. Geode Capital Management LLC increased its holdings in Wheels Up Experience by 57.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock valued at $4,757,000 after purchasing an additional 718,411 shares during the last quarter. State Street Corp raised its position in Wheels Up Experience by 41.9% in the third quarter. State Street Corp now owns 1,322,891 shares of the company’s stock valued at $3,201,000 after purchasing an additional 390,414 shares during the period. Stifel Financial Corp acquired a new position in Wheels Up Experience during the third quarter worth $41,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock worth $1,928,000 after buying an additional 585,589 shares during the period. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

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.