Renaissance Technologies LLC Takes Position in Wheels Up Experience Inc. (NYSE:UP)

Renaissance Technologies LLC purchased a new stake in Wheels Up Experience Inc. (NYSE:UP) during the second quarter, HoldingsChannel.com reports. The firm purchased 15,000 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors also recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in shares of Wheels Up Experience in the 4th quarter valued at $34,000. Capital Square LLC bought a new stake in shares of Wheels Up Experience in the 1st quarter valued at $41,000. Fifth Lane Capital LP bought a new stake in shares of Wheels Up Experience in the 1st quarter valued at $45,000. CIBC Asset Management Inc bought a new position in Wheels Up Experience during the 2nd quarter worth about $37,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Wheels Up Experience during the 1st quarter worth about $67,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wheels Up Experience Price Performance

UP stock opened at $2.12 on Tuesday. The stock has a 50-day moving average price of $2.03 and a two-hundred day moving average price of $2.40. The stock has a market cap of $1.48 billion, a PE ratio of -0.21 and a beta of 2.23. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 238.01. Wheels Up Experience Inc. has a 1 year low of $1.15 and a 1 year high of $6.08.

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

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.