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 Wheels Up Experience 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 completion of the sale, the insider owned 12,860,891 shares of the company’s stock, valued at approximately $59,288,707.51. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 transaction of $221,568.20.
• 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 stock was sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Down 2.0%

NYSE UP traded down $0.09 during trading hours on Tuesday, hitting $4.33. The company’s stock had a trading volume of 172,032 shares, compared to its average volume of 175,279. Wheels Up Experience Inc. has a twelve month low of $4.19 and a twelve month high of $57.00. The firm has a market capitalization of $157.09 million, a P/E ratio of -0.51 and a beta of 2.09. The stock has a fifty day moving average of $6.32 and a 200 day moving average of $8.18.

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

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently modified their holdings of UP. Knighthead Capital Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth approximately $133,344,000. Jane Street Group LLC acquired a new position in shares of Wheels Up Experience in the second quarter valued at approximately $795,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $356,000. Inspire Investing LLC increased its position in shares of Wheels Up Experience by 210.6% during the fourth quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock worth $513,000 after acquiring an additional 529,534 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Wheels Up Experience during the fourth quarter worth $263,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UP has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Thursday. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.