Wheels Up Experience (NYSE:UP) Reaches New 1-Year Low - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.78 and last traded at $0.80, with a volume of 645190 shares. The stock had previously closed at $0.96.

Wheels Up Experience Stock Performance

The firm's 50 day simple moving average is $1.16 and its 200-day simple moving average is $1.69. The company has a market capitalization of $563.58 million, a price-to-earnings ratio of -1.61 and a beta of 2.39.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The firm 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 Activity at Wheels Up Experience

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently added to or reduced their stakes in UP. Hsbc Holdings PLC lifted its position in Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares during the period. Stifel Financial Corp bought a new position in Wheels Up Experience during the third quarter worth about $41,000. Wells Fargo & Company MN boosted its holdings in 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 purchasing an additional 14,299 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Wheels Up Experience by 110.7% in the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock valued at $80,000 after purchasing an additional 25,495 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Wheels Up Experience during the 4th quarter worth approximately $110,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Company Profile

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.