Wheels Up Experience Inc. (NYSE:UP) Stake Boosted by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Wheels Up Experience Inc. (NYSE:UP) by 15,329.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,332 shares of the company’s stock after acquiring an additional 86,766 shares during the quarter. Rhumbline Advisers’ holdings in Wheels Up Experience were worth $165,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in Wheels Up Experience in the 1st quarter worth approximately $67,000. Capital Square LLC bought a new position in shares of Wheels Up Experience in the first quarter valued at approximately $41,000. Bank of New York Mellon Corp lifted its stake in shares of Wheels Up Experience by 1,399.2% in the second quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock worth $500,000 after buying an additional 246,742 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth $37,000. Finally, Quadrature Capital Ltd acquired a new position in Wheels Up Experience in the 4th quarter valued at $34,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Wheels Up Experience Stock Up 6.7 %

Wheels Up Experience stock opened at $2.40 on Monday. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.33 and a quick ratio of 0.31. Wheels Up Experience Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $6.08. The firm has a fifty day moving average price of $2.13 and a two-hundred day moving average price of $2.45. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -0.24 and a beta of 2.19.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 43.79%. The business had revenue of $196.29 million for the quarter.

Wheels Up Experience Profile

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.