Venu (NYSEAMERICAN:VENU) Trading Up 6.2% – Should You Buy?

Venu Holding Corporation (NYSEAMERICAN:VENU)’s share price traded up 6.2% during mid-day trading on Thursday . The stock traded as high as $10.76 and last traded at $10.57. 127,740 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 126,487 shares. The stock had previously closed at $9.95.

Venu Stock Performance

The stock has a 50 day simple moving average of $11.95 and a two-hundred day simple moving average of $12.38. The company has a market cap of $452.92 million and a PE ratio of -8.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.02 and a quick ratio of 2.02.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.06. Venu had a negative net margin of 238.68% and a negative return on equity of 26.71%. The company had revenue of $5.38 million for the quarter, compared to analysts’ expectations of $7.43 million.

Institutional Trading of Venu

A number of hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. increased its holdings in shares of Venu by 3.8% in the 1st quarter. Bard Associates Inc. now owns 211,090 shares of the company’s stock worth $1,953,000 after acquiring an additional 7,700 shares during the period. First Western Trust Bank bought a new position in Venu in the 1st quarter worth about $5,338,000. Pallas Capital Advisors LLC increased its stake in shares of Venu by 95.2% in the second quarter. Pallas Capital Advisors LLC now owns 40,666 shares of the company’s stock valued at $479,000 after purchasing an additional 19,833 shares during the period. Altus Wealth Group LLC bought a new stake in shares of Venu during the second quarter valued at approximately $236,000. Finally, North Capital Inc. boosted its position in shares of Venu by 23.7% during the second quarter. North Capital Inc. now owns 15,031 shares of the company’s stock worth $177,000 after buying an additional 2,879 shares during the period.

About Venu

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.