Koss Olinger Consulting LLC Makes New $26,000 Investment in Wheels Up Experience Inc. (NYSE:UP)

Koss Olinger Consulting LLC acquired a new stake in Wheels Up Experience Inc. (NYSE:UP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 10,765 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its position in Wheels Up Experience by 1,399.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,377 shares of the company’s stock valued at $500,000 after acquiring an additional 246,742 shares during the period. CCG Wealth Management LLC purchased a new position in shares of Wheels Up Experience in the 1st quarter valued at approximately $287,000. Rhumbline Advisers increased its holdings in shares of Wheels Up Experience by 15,329.7% in the second quarter. Rhumbline Advisers now owns 87,332 shares of the company’s stock valued at $165,000 after purchasing an additional 86,766 shares during the period. Cannon Global Investment Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth approximately $145,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Wheels Up Experience by 44.4% during the second quarter. The Manufacturers Life Insurance Company now owns 117,772 shares of the company’s stock worth $223,000 after purchasing an additional 36,201 shares during the period. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Wheels Up Experience Stock Performance

Shares of UP opened at $2.09 on Tuesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of -0.21 and a beta of 2.23. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.31 and a current ratio of 0.33. Wheels Up Experience Inc. has a 1 year low of $1.15 and a 1 year high of $6.08. The company’s fifty day moving average is $2.06 and its two-hundred day moving average is $2.38.

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

Wheels Up Experience Company 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.