Caesars Acquisition Company (NASDAQ:CACQ) Stock Traded 9.0% Above Its 50 Day Average


The stock is trading at $21.25 a tad above $19.49, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $18.40. The 50 day moving average was up $1.76 or +9.01% and the 200 day average went up $2.85 or +15.52%. Caesars Acquisition Company shares had a trading volume of 0 in the last trading session. Overall, volume was down 100.00% under the stocks normal daily volume.

Traders are more bullish on shares of Caesars Acquisition Company if you consider the downtick in short interest. The firm experienced a fall in short interest between September 15, 2017 and September 29, 2017 of -1.84%. Short interest fell 37,543 over that timeframe. With short interest at 2,003,072 and short average daily volume at 301,286, days to cover is 7.0 and the short interest percentage is 0.01% as of September 29.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Stepstone Group Lp had sold a total of 825,003 shares trimming its stake by 49.5%. The value of the company’s investment in Caesars Acquisition Company decreased from $25,641,000 to $16,002,000 a change of 37.6% for the reporting period. As of quarter end Nokota Management, Lp had disposed of 209,577 shares trimming its holdings by 8.4%. The value of the investment in Caesars Acquisition Company went from $38,329,000 to $43,421,000 increasing 13.3% quarter to quarter.

As of the end of the quarter Kavi Asset Management, Lp had disposed of 81,200 shares trimming its position 34.0%. The value in dollars went from $3,676,000 to $3,000,000 a change of $676,000 since the last quarter. Cutler Group LP cut its position by shedding 300 shares a decrease of 5.1% as of 09/30/2017. Cutler Group LP claims 5,600 shares worth $15,000. The total value of its holdings increased 15.4%.

The most current P/E ratio is 4.91 and the market cap of the company is 2.95B.

Caesars Acquisition Company (CAC), launched on February 25, 2013, owns voting membership units of Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and subsidiaries of Caesars Entertainment Corporation (CEC or Caesars Entertainment). CAC serves as CGP LLC’s managing member and sole holder of all of its outstanding voting units. CAC’s primary asset is its membership interest in CGP LLC. Certain subsidiaries of Caesars Entertainment hold all of CGP LLC’s outstanding non-voting units. CGP LLC is a casino asset and entertainment company. Through its relationship with Caesars Entertainment, CGP LLC has the ability to access Caesars Entertainment’s management know-how, brand equity, Total Rewards loyalty program and structural synergies. As of December 31, 2016, CGP LLC’s Interactive Entertainment business consisted of two operating units: The World Series of Poker (WSOP) and regulated online real money gaming (RMG). CGP LLC’s casino properties and developments include Planet Hollywood Resort & Casino in Las Vegas (Planet Hollywood), The LINQ Hotel & Casino, Bally’s Las Vegas, The Cromwell, Horseshoe Baltimore Casino (Horseshoe Baltimore) and Harrah’s New Orleans..