2,894,402 Shares in Venu Holding Corporation $VENU Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 2,894,402 shares of Venu Holding in the second quarter, worth approximately $6.57 million and representing about 4.87% of the company.
• Venu insiders have also been buying shares, including Director Thomas Finke’s purchase of 54,644 shares. Insiders acquired 69,214 shares worth $139,727 over the past three months.
• Venu reported a quarterly loss of $0.30 per share, slightly worse than analysts’ $0.29 estimate, on revenue of $4.8 million. The stock opened at $2.00, near its 52-week low of $1.75 and well below its $13.96 high.

BlackRock Inc. acquired a new stake in shares of Venu Holding Corporation (NYSEAMERICAN:VENU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,894,402 shares of the company's stock, valued at approximately $6,570,000. BlackRock Inc. owned approximately 4.87% of Venu as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Venu in the 2nd quarter worth about $33,000. Keel Point LLC bought a new position in Venu in the 1st quarter worth about $62,000. Pallas Capital Advisors LLC purchased a new stake in Venu during the 2nd quarter valued at about $65,000. Bank of America Corp DE purchased a new stake in Venu during the 3rd quarter valued at about $77,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Venu during the 4th quarter valued at about $91,000.

Insider Buying and Selling at Venu

In other Venu news, Director Thomas M. Finke purchased 54,644 shares of the stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average cost of $1.95 per share, with a total value of $106,555.80. Following the completion of the acquisition, the director directly owned 129,605 shares in the company, valued at $252,729.75. This trade represents a 72.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 69,214 shares of company stock valued at $139,727 in the last three months. 27.40% of the stock is owned by insiders.

Venu Trading Up 4.2%

Shares of NYSEAMERICAN VENU opened at $2.00 on Friday. The firm's 50 day moving average price is $2.18 and its 200-day moving average price is $3.26. The company has a market cap of $112.42 million, a PE ratio of -2.15 and a beta of 3.20. Venu Holding Corporation has a 52-week low of $1.75 and a 52-week high of $13.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.24 and a current ratio of 0.25.

Venu (NYSEAMERICAN:VENU - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.01). The firm had revenue of $4.80 million for the quarter, compared to analysts' expectations of $4.80 million. Venu had a negative net margin of 248.60% and a negative return on equity of 21.05%.

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.

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