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Venu (NYSEAMERICAN:VENU) Sees Large Volume Increase - Here's Why

Venu logo with Consumer Discretionary background

Shares of Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) saw an uptick in trading volume on Friday . 218,680 shares were traded during trading, an increase of 437% from the previous session's volume of 40,708 shares.The stock last traded at $14.23 and had previously closed at $13.44.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Northland Capmk upgraded shares of Venu to a "strong-buy" rating in a research report on Wednesday, June 11th. Northland Securities began coverage on Venu in a research note on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective for the company.

Check Out Our Latest Research Report on VENU

Venu Stock Performance

The company has a current ratio of 2.72, a quick ratio of 2.70 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average price is $9.25.

Institutional Investors Weigh In On Venu

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Western Trust Bank purchased a new position in shares of Venu in the 1st quarter valued at approximately $5,338,000. Bard Associates Inc. bought a new position in Venu in the fourth quarter worth $1,861,000. Gabelli Funds LLC purchased a new position in Venu during the fourth quarter valued at $590,000. Focus Partners Wealth bought a new stake in shares of Venu during the 4th quarter valued at $589,000. Finally, Willis Investment Counsel bought a new stake in shares of Venu during the 1st quarter valued at $299,000.

Venu Company Profile

(Get Free Report)

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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