Trading volume for Caesars Acquisition Company was 0 in the last trading session. Volume was down 100.00% under the stocks average daily volume.
Short traders are more bullish on the company lately as implied by the downtick in short interest. The firm realized a fall in short interest from September 15, 2017 to September 29, 2017 of -1.84%. Short shares fell from 2,040,615 to 2,003,072 over that period. With short interest at 2,003,072 and short average daily volume at 301,286, the short-interest ratio is 7.0 and the short interest percentage is 0.01% as of September 29.
These funds have shifted positions in (CACQ). As of quarter end Stepstone Group Lp had sold a total of 825,003 shares trimming its holdings by 49.5%. The value in dollars went from $25,641,000 to $16,002,000 decreasing 37.6% for the reporting period. Nokota Management, Lp trimmed its stake by selling 209,577 shares a decrease of 8.4% in the quarter. Nokota Management, Lp controls 2,279,303 shares worth $43,421,000. The total value of its holdings increased 13.3%.
Kavi Asset Management, Lp reduced its ownership by shedding 81,200 shares a decrease of 34.0% from 03/31/2017 to 06/30/2017. Kavi Asset Management, Lp claims 157,500 shares with a value of $3,000,000. The value of the position overall is down by 18.4%. Cutler Group LP divested its investment by selling 300 shares a decrease of 5.1% as of 09/30/2017. Cutler Group LP currently owns 5,600 shares valued at $15,000. The total value of its holdings increased 15.4%.
The company is trading unchanged by 0.00% percent from yesterday’s close. It is trading at $21.25 which is just a bit higher than the 50 day moving average which is $19.49 and a great deal higher than the 200 day moving average of $18.40. The 50 day moving average went up by +9.01% and the 200 day average went up $2.85 or +15.52%.
The company’s P/E ratio is 4.91 and the market value 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..