Avidian Wealth Solutions LLC purchased a new position in Wheels Up Experience Inc (NYSE:UP) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,010 shares of the company’s stock, valued at approximately $66,000.
Other large investors also recently made changes to their positions in the company. AXS Investments LLC acquired a new stake in shares of Wheels Up Experience in the third quarter worth about $2,377,000. Capital Wealth Management LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $112,000. Pennsylvania Capital Management Inc. ADV acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $118,000. Belvedere Trading LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $87,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $18,058,000. 35.40% of the stock is owned by institutional investors.
In related news, Director David J. Adelman acquired 100,000 shares of the stock in a transaction dated Thursday, November 18th. The shares were bought at an average cost of $4.90 per share, for a total transaction of $490,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of UP opened at $4.10 on Friday. Wheels Up Experience Inc has a 12-month low of $3.89 and a 12-month high of $15.00. The firm’s 50-day moving average price is $4.72.
Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Wednesday, November 10th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $301.98 million during the quarter, compared to the consensus estimate of $261.18 million. On average, equities analysts anticipate that Wheels Up Experience Inc will post -0.75 EPS for the current fiscal year.
About Wheels Up Experience
Aspirational Consumer Lifestyle Corp. has entered into a definitive merger agreement with Wheels Up Partners Holdings LLC.
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