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

Fort Point Capital Partners LLC increased its position in shares of Venu Holding Corporation (NYSEAMERICAN:VENU) by 248.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,103 shares of the company’s stock after purchasing an additional 174,684 shares during the quarter. Fort Point Capital Partners LLC owned approximately 0.57% of Venu worth $2,145,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VENU. Raymond James Financial Inc. acquired a new stake in Venu in the 2nd quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its position in Venu by 199.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,001 shares of the company’s stock valued at $38,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE acquired a new stake in Venu in the 3rd quarter valued at about $77,000. Apollon Wealth Management LLC acquired a new stake in Venu in the 4th quarter valued at about $88,000. Finally, Cypress Capital Management LLC WY grew its position in shares of Venu by 16.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 14,280 shares of the company’s stock worth $120,000 after buying an additional 2,000 shares during the period.

Venu Stock Down 4.2%

Shares of NYSEAMERICAN:VENU opened at $3.42 on Friday. Venu Holding Corporation has a one year low of $3.06 and a one year high of $18.17. The company has a 50 day moving average of $3.73 and a 200-day moving average of $5.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $203.28 million, a price-to-earnings ratio of -3.68 and a beta of 2.99.

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

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.