First Western Trust Bank Makes New $5.34 Million Investment in Venu Holding Corporation (NYSEAMERICAN:VENU)

Key Points

• First Western Trust Bank acquired 577,120 shares of Venu Holding Corporation for approximately $5.34 million, representing a 1.53% stake in the company as of the latest reporting period.
• Insider trading activity included Director David Lavigne selling 2,390 shares and CEO Jay W. Roth selling 3,055 shares, which results in minor decreases in their ownership percentages.
• Analysts from Northland Securities rated Venu as a "strong-buy"** with a target price of $15.00, highlighting positive market expectations for the company.

First Western Trust Bank bought a new position in Venu Holding Corporation (NYSEAMERICAN:VENU - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 577,120 shares of the company's stock, valued at approximately $5,338,000. First Western Trust Bank owned approximately 1.53% of Venu as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Venu during the first quarter worth about $92,000. Cypress Capital Management LLC WY purchased a new stake in Venu during the 1st quarter valued at about $104,000. North Capital Inc. purchased a new stake in Venu in the first quarter valued at approximately $112,000. Exchange Traded Concepts LLC purchased a new position in Venu during the 1st quarter worth approximately $171,000. Finally, Bleichroeder LP purchased a new stake in shares of Venu in the 4th quarter valued at $183,000.

Venu Price Performance

VENU traded up $0.47 during trading on Wednesday, reaching $15.87. 50,417 shares of the stock were exchanged, compared to its average volume of 49,973. Venu Holding Corporation has a 1 year low of $7.05 and a 1 year high of $15.95. The business's 50 day moving average price is $12.62 and its two-hundred day moving average price is $10.25. The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.39.

Insiders Place Their Bets

In other Venu news, CEO Jay W. Roth sold 18,418 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $13.44, for a total value of $247,537.92. Following the completion of the sale, the chief executive officer owned 9,310,122 shares in the company, valued at $125,128,039.68. This represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Lavigne sold 6,435 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $11.34, for a total value of $72,972.90. Following the completion of the sale, the director owned 165,864 shares of the company's stock, valued at approximately $1,880,897.76. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,736 shares of company stock worth $1,613,691.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VENU. Northland Securities initiated coverage on shares of Venu in a research note on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 price target on the stock. Northland Capmk raised Venu to a "strong-buy" rating in a research note on Wednesday, June 11th.

Venu 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.