Venu (NYSEAMERICAN:VENU) Shares Down 5.8% – Time to Sell?

Venu Holding Corporation (NYSEAMERICAN:VENU)’s stock price was down 5.8% during mid-day trading on Monday . The company traded as low as $12.25 and last traded at $12.09. Approximately 37,760 shares changed hands during trading, a decline of 52% from the average daily volume of 78,027 shares. The stock had previously closed at $12.83.

Venu Stock Down 7.2%

The stock has a fifty day simple moving average of $12.80 and a two-hundred day simple moving average of $12.13. The firm has a market cap of $513.96 million and a PE ratio of -10.00. The company has a current ratio of 2.72, a quick ratio of 2.71 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Venu during the 2nd quarter valued at $33,000. EverSource Wealth Advisors LLC grew its position in Venu by 199.8% during the third quarter. EverSource Wealth Advisors LLC now owns 3,001 shares of the company’s stock worth $38,000 after buying an additional 2,000 shares in the last quarter. Cypress Capital Management LLC WY bought a new position in Venu in the 1st quarter worth about $104,000. Cypress Capital Management LLC WY raised its holdings in shares of Venu by 32.3% in the 3rd quarter. Cypress Capital Management LLC WY now owns 12,280 shares of the company’s stock valued at $157,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Venu in the 3rd quarter valued at about $190,000.

Venu Company Profile

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.