Wheels Up Experience (NYSE:UP) Raised to “Hold” at Wall Street Zen
by Teresa Graham · The Cerbat GemWheels Up Experience (NYSE:UP – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on UP
Wheels Up Experience Stock Performance
UP opened at $5.42 on Friday. The stock has a market capitalization of $196.44 million, a price-to-earnings ratio of -0.64 and a beta of 2.09. The company has a fifty day moving average of $7.25 and a 200 day moving average of $9.22. Wheels Up Experience has a fifty-two week low of $4.69 and a fifty-two week high of $70.00.
Wheels Up Experience (NYSE:UP – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The business had revenue of $168.92 million for the quarter.
Insider Buying and Selling
In related news, major shareholder Ck Wheels Llc sold 27,524 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $8.05, for a total transaction of $221,568.20. Following the sale, the insider owned 12,870,354 shares of the company’s stock, valued at $103,606,349.70. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George N. Mattson acquired 14,983 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $5.30 per share, with a total value of $79,409.90. Following the transaction, the chief executive officer directly owned 14,983 shares of the company’s stock, valued at $79,409.90. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 27,791 shares of company stock valued at $146,206 and have sold 43,027 shares valued at $335,159. 0.33% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Wheels Up Experience
A number of institutional investors and hedge funds have recently made changes to their positions in UP. Hudson Bay Capital Management LP purchased a new stake in shares of Wheels Up Experience during the 2nd quarter valued at about $25,000. Creative Planning purchased a new position in Wheels Up Experience in the second quarter worth about $25,000. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience during the third quarter worth approximately $25,000. Beck Mack & Oliver LLC bought a new stake in Wheels Up Experience during the second quarter worth approximately $27,000. Finally, Rooted Wealth Advisors Inc. increased its stake in Wheels Up Experience by 80.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after acquiring an additional 20,041 shares during the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.
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.