Wheels Up Experience Inc. $UP Shares Purchased by Kore Advisors LP

Kore Advisors LP raised its position in Wheels Up Experience Inc. (NYSE:UP) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,194,884 shares of the company’s stock after purchasing an additional 94,176 shares during the period. Wheels Up Experience makes up about 8.5% of Kore Advisors LP’s investment portfolio, making the stock its 4th biggest holding. Kore Advisors LP owned about 41.95% of Wheels Up Experience worth $7,848,000 at the end of the most recent reporting period.

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

Wheels Up Experience Price Performance

UP opened at $6.17 on Thursday. The business’s 50-day moving average price is $7.66 and its two-hundred day moving average price is $10.14. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00. The company has a market capitalization of $223.72 million, a price-to-earnings ratio of -0.78 and a beta of 2.04.

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

Insider Activity at Wheels Up Experience

In other news, CEO George N. Mattson bought 10,029 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $5.13 per share, for a total transaction of $51,448.77. Following the purchase, the chief executive officer owned 26,316 shares of the company’s stock, valued at approximately $135,001.08. The trade was a 61.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ck Wheels Llc sold 27,524 shares of the firm’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 transaction of $221,568.20. Following the transaction, the insider directly owned 12,870,354 shares of the company’s stock, valued at $103,606,349.70. This represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 27,791 shares of company stock worth $146,206 and sold 43,027 shares worth $335,159. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UP shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheels Up Experience has an average 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.