Kore Advisors LP Sells 208,283 Shares of Wheels Up Experience Inc. (NYSE:UP)

Kore Advisors LP cut its stake in Wheels Up Experience Inc. (NYSE:UP - Free Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,608,638 shares of the company's stock after selling 208,283 shares during the quarter. Wheels Up Experience makes up 17.8% of Kore Advisors LP's portfolio, making the stock its biggest holding. Kore Advisors LP owned 3.67% of Wheels Up Experience worth $61,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter valued at $26,000. Renaissance Technologies LLC bought a new position in Wheels Up Experience during the second quarter valued at about $28,000. CIBC Asset Management Inc bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth about $37,000. SG Americas Securities LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter valued at about $56,000. Finally, Intech Investment Management LLC bought a new position in shares of Wheels Up Experience in the 3rd quarter valued at approximately $88,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wheels Up Experience Trading Down 4.2 %

UP traded down $0.11 on Friday, hitting $2.50. The company had a trading volume of 627,405 shares, compared to its average volume of 1,068,976. Wheels Up Experience Inc. has a 1-year low of $1.40 and a 1-year high of $6.08. 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 company's fifty day moving average price is $2.19 and its 200 day moving average price is $2.33.

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.