Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 27,524 Shares

by · The Markets Daily

Wheels Up Experience Inc. (NYSE:UP – Get Free Report) major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total transaction of $221,568.20. Following the transaction, the insider owned 12,870,354 shares in the company, valued at approximately $103,606,349.70. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Ck Wheels Llc also recently made the following trade(s):

  • On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
  • On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total transaction of $42,843.63.
  • On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.15, for a total transaction of $32,771.15.
  • On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Price Performance

Shares of NYSE:UP traded down $0.30 on Tuesday, reaching $6.99. The company’s stock had a trading volume of 49,668 shares, compared to its average volume of 199,467. The stock’s 50-day moving average is $7.48 and its two-hundred day moving average is $11.04. Wheels Up Experience Inc. has a 52-week low of $4.69 and a 52-week high of $70.00. The stock has a market capitalization of $253.25 million, a P/E ratio of -0.89 and a beta of 2.06.

Wheels Up Experience (NYSE:UP – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The company had revenue of $168.92 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UP shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Research Report on UP

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently added to or reduced their stakes in UP. Knighthead Capital Management LLC acquired a new position in Wheels Up Experience during the first quarter worth about $133,344,000. Kore Advisors LP lifted its position in shares of Wheels Up Experience by 0.6% during the 1st quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock valued at $7,848,000 after acquiring an additional 94,176 shares during the period. Vanguard Group Inc. boosted its stake in shares of Wheels Up Experience by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock worth $6,651,000 after acquiring an additional 323,945 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Wheels Up Experience by 1.1% during the 4th quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after acquiring an additional 14,332 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Wheels Up Experience by 35.9% in the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after acquiring an additional 280,705 shares during the period. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

(Get Free Report)

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.

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