Ck Wheels Llc Sells 9,363 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 9,363 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $4.61, for a total value of $43,163.43. Following the transaction, the insider owned 12,860,891 shares of the company’s stock, valued at approximately $59,288,707.51. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, June 18th, Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.05, for a total value of $221,568.20.
• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The stock was sold at an average price of $7.00, for a total value 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 value 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 value 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 value of $10,667.04.

Wheels Up Experience Stock Performance

NYSE UP traded down $0.09 during trading on Tuesday, hitting $4.33. The stock had a trading volume of 172,032 shares, compared to its average volume of 175,279. The company has a market capitalization of $157.09 million, a PE ratio of -0.51 and a beta of 2.09. The company’s 50-day moving average price is $6.32 and its two-hundred day moving average price is $8.18. Wheels Up Experience Inc. has a 12 month low of $4.19 and a 12 month high of $57.00.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($2.97) earnings per share for the quarter. The firm had revenue of $182.00 million for the quarter.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Thursday. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently modified their holdings of the company. Knighthead Capital Management LLC acquired a new stake in Wheels Up Experience in the 1st quarter valued at about $133,344,000. Kore Advisors LP increased its position in Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after buying an additional 94,176 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Wheels Up Experience during the second quarter worth approximately $25,000. Creative Planning bought a new stake in Wheels Up Experience in the second quarter valued at approximately $25,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience in the third quarter valued at approximately $25,000. 98.20% of the stock is owned by 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.