Wheels Up Experience (NYSE:UP) Sets New 1-Year Low - Should You Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $0.77 and last traded at $0.79, with a volume of 722812 shares changing hands. The stock had previously closed at $0.85.

Wheels Up Experience Stock Performance

The stock has a market cap of $580.70 million, a price-to-earnings ratio of -1.66 and a beta of 2.39. The stock's 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $1.66.

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

Insider Activity at Wheels Up Experience

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the sale, the insider now owns 1,090,971 shares of the company's stock, valued at $1,156,429.26. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UP. Geode Capital Management LLC grew its position in Wheels Up Experience by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after acquiring an additional 13,372 shares during the last quarter. State Street Corp lifted its position in Wheels Up Experience by 41.9% during the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company's stock worth $3,201,000 after buying an additional 390,414 shares in the last quarter. Northern Trust Corp grew its holdings in Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company's stock worth $1,387,000 after acquiring an additional 81,293 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Wheels Up Experience in the fourth quarter worth about $1,264,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Wheels Up Experience during the fourth quarter worth approximately $339,000. 98.20% of the stock is owned by 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.