First Trust Advisors LP Takes Position in Wheels Up Experience Inc. (NYSE:UP)

First Trust Advisors LP bought a new stake in Wheels Up Experience Inc. (NYSE:UP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 766,168 shares of the company’s stock, valued at approximately $1,264,000.

A number of other large investors have also added to or reduced their stakes in UP. Wells Fargo & Company MN lifted its stake in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after acquiring an additional 14,299 shares during the last quarter. SG Americas Securities LLC lifted its position in Wheels Up Experience by 110.7% in the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock valued at $80,000 after purchasing an additional 25,495 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Wheels Up Experience during the fourth quarter valued at approximately $115,000. CIBC Private Wealth Group LLC grew its holdings in shares of Wheels Up Experience by 48,303.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company’s stock worth $119,000 after purchasing an additional 74,870 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Wheels Up Experience by 11.0% in the fourth quarter. Barclays PLC now owns 142,056 shares of the company’s stock worth $234,000 after buying an additional 14,117 shares during the period. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Insider Activity

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the transaction, the insider now directly owns 1,090,971 shares of the company’s stock, valued at $1,156,429.26. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Wheels Up Experience Stock Up 10.9 %

Shares of UP opened at $1.18 on Thursday. The stock has a market capitalization of $821.78 million, a P/E ratio of -2.35 and a beta of 2.35. Wheels Up Experience Inc. has a twelve month low of $0.74 and a twelve month high of $4.59. The firm has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $1.54.

Wheels Up Experience (NYSE:UP) last posted its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The firm had revenue of $177.53 million for the quarter.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.