5 Penny Stocks To Buy That Are Too Cheap To Ignore

2. Wheels Up Experience Inc. (NYSE:UP)

Number of Hedge Fund Holders: 19

Wheels Up Experience Inc. (NYSE:UP) is an American company that provides private aviation services. These include on demand flights, aircraft management, a variety of charter packages, signature events, and special solutions. It is headquartered in New York, New York.

Wheels Up Experience Inc. (NYSE:UP) is aiming to bring in $1.5 billion in revenue by the end of this year, for more than fourfold growth over 2018 when the firm had posted $300 million in the same metric. The firm reported $425 million in revenue during its second quarter, which marked a strong 50% annual growth. Wheels Up Experience Inc. (NYSE:UP) has a partnership with Delta Airlines as well, and the firm has now deployed its own fleet management system (FMS) that allows it to have end to end visibility in its aircraft visibility and maintenance.

Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 19 had held a stake in Wheels Up Experience Inc. (NYSE:UP).

Ben Levine, Andrew Manuel, and Stefan Renold’s LMR Partners is Wheels Up Experience Inc. (NYSE:UP)’s largest investor. It owns 13 million shares that are worth $2.6 million.