Kore Advisors LP Buys 94,176 Shares of Wheels Up Experience Inc. $UP

Kore Advisors LP increased its stake in shares of Wheels Up Experience Inc. (NYSE:UP) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,194,884 shares of the company’s stock after acquiring an additional 94,176 shares during the period. Wheels Up Experience comprises approximately 8.5% of Kore Advisors LP’s investment portfolio, making the stock its 4th largest holding. Kore Advisors LP owned 0.42% of Wheels Up Experience worth $7,848,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in Wheels Up Experience in the second quarter valued at approximately $78,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $73,000. Engineers Gate Manager LP bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $40,000. Beck Mack & Oliver LLC acquired a new stake in shares of Wheels Up Experience in the 2nd quarter valued at approximately $27,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Wheels Up Experience in the 2nd quarter valued at approximately $25,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed 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 MarketBeat.com, the stock has a consensus rating of “Sell”.

Insider Activity at Wheels Up Experience

In other Wheels Up Experience news, CEO George N. Mattson bought 14,983 shares of Wheels Up Experience stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $5.30 per share, for a total transaction of $79,409.90. Following the purchase, the chief executive officer owned 14,983 shares of the company’s stock, valued at $79,409.90. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ck Wheels Llc sold 27,524 shares of the business’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 value of $221,568.20. Following the transaction, the insider directly owned 12,870,354 shares in the company, valued at $103,606,349.70. The trade was a 0.21% decrease in their ownership of the stock. Additional details regarding this sale 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. Insiders own 0.33% of the company’s stock.

Wheels Up Experience Stock Performance

Wheels Up Experience stock opened at $6.17 on Thursday. 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 $223.72 million, a P/E ratio of -0.78 and a beta of 2.04. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $10.14.

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

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.