Wheels Up Experience (NYSE:UP) Hits New 52-Week Low - Should You Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.95 and last traded at $0.96, with a volume of 92085 shares traded. The stock had previously closed at $0.98.

Wheels Up Experience Price Performance

The stock has a market capitalization of $633.80 million, a PE ratio of -1.81 and a beta of 2.39. The firm's 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.76.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The company had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the completion of the transaction, the insider now owns 1,090,971 shares of the company's stock, valued at $1,156,429.26. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently made changes to their positions in UP. Hsbc Holdings PLC boosted its holdings in Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after acquiring an additional 10,740 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Wheels Up Experience by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after purchasing an additional 13,372 shares during the period. Barclays PLC boosted its stake in shares of Wheels Up Experience by 11.0% during the 4th quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after purchasing an additional 14,117 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Wheels Up Experience by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after buying an additional 14,299 shares during the period. Finally, Stifel Financial Corp bought a new position in Wheels Up Experience in the third quarter worth about $41,000. 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 Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.