American Financial Advisors LLC Takes Position in Wheels Up Experience Inc. (NYSE:UP)

American Financial Advisors LLC acquired a new position in shares of Wheels Up Experience Inc. (NYSE:UP) in the 4th quarter, Holdings Channel.com reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Instrumental Wealth LLC lifted its holdings in shares of Wheels Up Experience by 315.6% in the fourth quarter. Instrumental Wealth LLC now owns 156,305 shares of the company’s stock worth $531,000 after acquiring an additional 118,699 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Wheels Up Experience in the fourth quarter worth about $36,000. Knighthead Capital Management LLC bought a new position in shares of Wheels Up Experience in the third quarter worth about $125,365,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Wheels Up Experience in the third quarter valued at approximately $39,000. Finally, FMR LLC increased its stake in shares of Wheels Up Experience by 11.1% in the third quarter. FMR LLC now owns 113,038 shares of the company’s stock valued at $234,000 after buying an additional 11,284 shares during the period. Institutional investors own 98.20% of the company’s stock.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, insider Laura Heltebran sold 28,413 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $2.54, for a total transaction of $72,169.02. Following the completion of the sale, the insider now owns 37,707 shares of the company’s stock, valued at approximately $95,775.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Wheels Up Experience Trading Down 5.6 %

Wheels Up Experience stock opened at $2.51 on Friday. The business has a 50 day moving average of $2.87 and a 200-day moving average of $2.64. Wheels Up Experience Inc. has a 1 year low of $0.98 and a 1 year high of $6.08. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 2.41.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.60) by $2.47. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%. The company had revenue of $246.38 million during the quarter.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.