Wheels Up Experience (NYSE:UP) Cut to Sell at Wall Street Zen
by Sarita Garza · The Markets DailyWall Street Zen lowered shares of Wheels Up Experience (NYSE:UP – Free Report) from a hold rating to a sell rating in a report released on Sunday.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Read Our Latest Stock Report on Wheels Up Experience
Wheels Up Experience Trading Down 1.1%
Wheels Up Experience stock opened at $4.85 on Friday. The stock has a market cap of $176.10 million, a P/E ratio of -0.57 and a beta of 2.09. The stock has a 50 day moving average of $6.82 and a 200-day moving average of $8.68. Wheels Up Experience has a 52 week low of $4.69 and a 52 week high of $70.00.
Wheels Up Experience (NYSE:UP – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($2.97) EPS for the quarter. The firm had revenue of $182.00 million for the quarter.
Insider Activity
In other news, major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.05, for a total value of $221,568.20. Following the transaction, the insider directly owned 12,870,354 shares in the company, valued at approximately $103,606,349.70. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 43,581 shares of company stock valued at $339,754. Company insiders own 0.33% of the company’s stock.
Institutional Investors Weigh In On Wheels Up Experience
Several institutional investors and hedge funds have recently bought and sold shares of UP. Kestra Private Wealth Services LLC acquired a new stake in Wheels Up Experience in the third quarter worth about $25,000. Millennium Management LLC grew its position in Wheels Up Experience by 1.1% in the 4th quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after buying an additional 14,332 shares in the last quarter. Rooted Wealth Advisors Inc. increased its stake in Wheels Up Experience by 80.2% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after buying an additional 20,041 shares during the period. Creative Planning acquired a new position in Wheels Up Experience during the 2nd quarter valued at about $25,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 98.20% of the company’s stock.
Wheels Up Experience Company Profile
Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.
Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.