Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay W. Roth Sells 18,418 Shares of Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay W. Roth sold 18,418 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $13.44, for a total transaction of $247,537.92. Following the completion of the transaction, the chief executive officer now owns 9,310,122 shares of the company’s stock, valued at approximately $125,128,039.68. This trade represents a 0.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Venu Stock Down 12.2%

Shares of NYSEAMERICAN:VENU opened at $11.70 on Thursday. The company’s 50-day moving average is $9.50 and its 200 day moving average is $9.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.72 and a quick ratio of 2.70. Venu Holding Corporation has a fifty-two week low of $7.05 and a fifty-two week high of $14.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VENU. Wealth Enhancement Advisory Services LLC bought a new position in shares of Venu during the first quarter valued at $92,000. Cypress Capital Management LLC WY purchased a new position in Venu in the first quarter worth about $104,000. North Capital Inc. purchased a new position in Venu in the first quarter worth about $112,000. Exchange Traded Concepts LLC purchased a new position in Venu in the first quarter worth about $171,000. Finally, Bleichroeder LP purchased a new position in shares of Venu during the 4th quarter valued at about $183,000.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Venu in a report on Wednesday, June 11th. They set an “outperform” rating and a $15.00 price target for the company. Northland Capmk upgraded shares of Venu to a “strong-buy” rating in a research note on Wednesday, June 11th.

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.