Wheels Up Experience (NYSE:UP) Posts Earnings Results

Wheels Up Experience (NYSE:UP) released its earnings results on Monday. The company reported ($2.29) EPS for the quarter, FiscalAI reports. The firm had revenue of $168.92 million during the quarter.

Wheels Up Experience Trading Up 4.2%

NYSE UP traded up $0.21 on Wednesday, hitting $5.23. 48,425 shares of the company traded hands, compared to its average volume of 205,843. The company has a market capitalization of $189.39 million, a price-to-earnings ratio of -0.66 and a beta of 1.86. The business’s 50 day moving average price is $9.10 and its 200-day moving average price is $14.05. Wheels Up Experience has a 52-week low of $4.69 and a 52-week high of $70.00.

Analyst Ratings Changes

UP has been the subject of a number of research analyst reports. Wall Street Zen raised Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently made changes to their positions in UP. Jane Street Group LLC purchased a new position in shares of Wheels Up Experience in the second quarter valued at about $795,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Wheels Up Experience in the fourth quarter worth about $356,000. Inspire Investing LLC increased its holdings in shares of Wheels Up Experience by 210.6% in the fourth quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock worth $513,000 after purchasing an additional 529,534 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Wheels Up Experience in the fourth quarter worth about $263,000. Finally, Militia Capital Partners LP bought a new stake in shares of Wheels Up Experience in the third quarter worth about $644,000. 98.20% of the stock is currently 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.