The stock of Caesars Acquisition Company (NASDAQ:CACQ) is a huge mover today! About 261,466 shares traded hands or 48.32% up from the average. Caesars Acquisition Company (NASDAQ:CACQ) has risen 82.40% since April 5, 2016 and is uptrending. It has outperformed by 80.44% the S&P500.
The move comes after 5 months positive chart setup for the $1.57B company. It was reported on Nov, 7 by Barchart.com. We have $18.81 PT which if reached, will make NASDAQ:CACQ worth $1.02B more.
Analysts await Caesars Acquisition Company (NASDAQ:CACQ) to report earnings on November, 14.
According to Zacks Investment Research, “Caesars Acquisition Company is a diversified casino-entertainment company. The Company operates through its two businesses segments: Interactive Entertainment and Casino Properties and Developments. Its resorts operate primarily under the Harrah’s(R), Caesars(R) and Horseshoe(R) brand names. Caesars Acquisition Company is based in Las Vegas, Nevada.”
Insitutional Activity: The institutional sentiment increased to 1.9 in 2016 Q2. Its up 0.74, from 1.16 in 2016Q1. The ratio is positive, as 6 funds sold all Caesars Acquisition Company shares owned while 14 reduced positions. 8 funds bought stakes while 30 increased positions. They now own 60.05 million shares or 18.12% less from 73.33 million shares in 2016Q1.
Soros Fund has invested 1.56% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ). Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Citigroup Inc owns 5,057 shares or 0% of their US portfolio. Hightower Advisors Lc accumulated 67,416 shares or 0.01% of the stock. Teachers Advisors last reported 75,144 shares in the company. Mason Capital Mngmt Limited Company last reported 0.34% of its portfolio in the stock. Blackrock Institutional Company Na holds 447,523 shares or 0% of its portfolio. Omers Administration has 0.05% invested in the company for 208,523 shares. Creative Planning owns 955 shares or 0% of their US portfolio. The United Kingdom-based Legal And General Group Public Limited Com has invested 0% in Caesars Acquisition Company (NASDAQ:CACQ). Stepstone Grp Inc Incorporated Lp reported 1.67 million shares or 23.2% of all its holdings. Tiaa Cref Inv Mgmt Lc, a New York-based fund reported 170,380 shares. State Board Of Administration Of Florida Retirement System last reported 12,595 shares in the company. Blackrock holds 3,074 shares or 0% of its portfolio. Tower Rech Cap Llc (Trc), a New York-based fund reported 2,172 shares.
More notable recent Caesars Acquisition Company (NASDAQ:CACQ) news were published by: Prnewswire.com which released: “Caesars Entertainment Corporation and Caesars Acquisition Company Announce …” on July 11, 2016, also Prnewswire.com with their article: “Caesars Acquisition Company Reports Third Quarter 2015 Results” published on November 09, 2015, Prnewswire.com published: “Bernstein Liebhard LLP Investigates Claims On Behalf Of Those Who Hold Shares …” on November 04, 2016. More interesting news about Caesars Acquisition Company (NASDAQ:CACQ) were released by: Prnewswire.com and their article: “Ryan & Maniskas, LLP Announces Investigation of Caesars Acquisition Company” published on October 05, 2016 as well as Prnewswire.com‘s news article titled: “Caesars Acquisition Company Reports Fourth Quarter and Full-Year 2014 Results” with publication date: March 02, 2015.
CACQ Company Profile
Caesars Acquisition Company (CAC), incorporated on February 25, 2013, is formed to make an equity investment in Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and Caesars Entertainment Corporation (Caesars Entertainment). CAC’s primary asset is its membership interest in CGP LLC and does not have any activities other than through its interest in CGP LLC. CGP LLC has over two operating units: Caesars Interactive Entertainment, Inc. (CIE), and Casino Properties and Developments. CAC serves as CGP LLC’s managing member and sole holder of all of its outstanding voting units. Certain subsidiaries of Caesars Entertainment hold all of CGP LLC’s outstanding non-voting units. CGP LLC is a casino asset and entertainment firm focused on acquiring and developing a portfolio of operating assets, and equity and debt investments in the gaming and interactive entertainment industries.
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