Fort Point Capital Partners LLC Has $2.15 Million Position in Venu Holding Corporation $VENU

Fort Point Capital Partners LLC boosted its position in shares of Venu Holding Corporation (NYSEAMERICAN:VENU) by 248.1% in the fourth quarter, Holdings Channel reports. The firm owned 245,103 shares of the company’s stock after purchasing an additional 174,684 shares during the period. Fort Point Capital Partners LLC’s holdings in Venu were worth $2,145,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Venu by 56.9% in the third quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock valued at $17,318,000 after buying an additional 489,999 shares in the last quarter. Citadel Advisors LLC bought a new position in Venu in the third quarter valued at approximately $8,878,000. First Western Trust Bank lifted its stake in Venu by 62.5% in the third quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock valued at $8,328,000 after buying an additional 250,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Venu by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 328,970 shares of the company’s stock valued at $2,771,000 after buying an additional 14,523 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Venu by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,475 shares of the company’s stock valued at $1,553,000 after buying an additional 9,822 shares in the last quarter.

Venu Stock Performance

Shares of VENU opened at $3.42 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. Venu Holding Corporation has a twelve month low of $3.06 and a twelve month high of $18.17. The firm’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $5.75. The firm has a market cap of $203.28 million, a P/E ratio of -3.68 and a beta of 2.99.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). Venu had a negative net margin of 217.24% and a negative return on equity of 19.66%. The company had revenue of $3.90 million during the quarter, compared to the consensus estimate of $3.75 million.

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.