Wheels Up Experience (NYSE:UP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Wheels Up Experience (NYSE:UP) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Wheels Up Experience Trading Up 1.8%

Wheels Up Experience stock opened at $1.13 on Friday. The firm has a 50 day moving average of $1.37 and a 200 day moving average of $1.32. The firm has a market capitalization of $789.63 million, a price-to-earnings ratio of -2.31 and a beta of 2.30. Wheels Up Experience has a 12-month low of $0.74 and a 12-month high of $4.59.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $177.53 million for the quarter.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new stake in Wheels Up Experience during the 1st quarter valued at approximately $156,000. Nuveen LLC bought a new position in shares of Wheels Up Experience during the 1st quarter valued at approximately $148,000. Deutsche Bank AG boosted its position in shares of Wheels Up Experience by 69.0% during the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock valued at $74,000 after acquiring an additional 30,058 shares during the last quarter. EWA LLC bought a new position in shares of Wheels Up Experience during the 1st quarter valued at approximately $43,000. Finally, Byrne Asset Management LLC bought a new position in shares of Wheels Up Experience during the 1st quarter valued at approximately $27,000. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.