The stock of Caesars Acquisition Company (NASDAQ:CACQ) is a huge mover today! About 140,202 shares traded hands. Caesars Acquisition Company (NASDAQ:CACQ) has risen 84.17% since April 13, 2016 and is uptrending. It has outperformed by 80.24% the S&P500.
The move comes after 8 months negative chart setup for the $1.51B company. It was reported on Nov, 15 by Barchart.com. We have $10.29 PT which if reached, will make NASDAQ:CACQ worth $120.80M less.
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 improved, 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.
Mason Mgmt Limited Liability Corporation holds 0.34% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ) for 944,900 shares. Soros Fund Limited Liability Company last reported 1.56% of its portfolio in the stock. Goldman Sachs accumulated 0% or 1.36 million shares. Blackrock Institutional Tru Com Na has 0% invested in the company for 447,523 shares. State Bank Of America De reported 2,890 shares or 0% of all its holdings. The Germany-based Deutsche National Bank & Trust Ag has invested 0% in Caesars Acquisition Company (NASDAQ:CACQ). Blackrock Advsr Limited Company holds 0% or 15,637 shares in its portfolio. Citigroup holds 0% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ) for 5,057 shares. Schwab Charles Mngmt accumulated 67,100 shares or 0% of the stock. Geode Cap Mngmt Ltd Liability Corporation owns 110,000 shares or 0% of their US portfolio. American Intl Group holds 0% or 27,423 shares in its portfolio. Blackrock Fund Advisors, a California-based fund reported 1.11M shares. Taconic Cap Advsr Lp accumulated 15,000 shares or 0.03% of the stock. Bancshares Of New York Mellon last reported 0% of its portfolio in the stock. Marathon Asset Lp holds 0.91% of its portfolio in Caesars Acquisition Company (NASDAQ:CACQ) for 1.52 million shares.
Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 sale for $120,021 net activity. $120,021 worth of Caesars Acquisition Company (NASDAQ:CACQ) shares were sold by Cohen Michael Daniel.
More notable recent Caesars Acquisition Company (NASDAQ:CACQ) news were published by: Prnewswire.com which released: “Caesars Acquisition Company Reports Third Quarter 2016 Results” on November 07, 2016, also Prnewswire.com with their article: “Caesars Entertainment Corporation and Caesars Acquisition Company Announce …” published on July 11, 2016, Prnewswire.com published: “Caesars Acquisition Company Reports Third Quarter 2015 Results” on November 09, 2015. More interesting news about Caesars Acquisition Company (NASDAQ:CACQ) were released by: Prnewswire.com and their article: “Caesars Acquisition Company Reports Fourth Quarter and Full-Year 2014 Results” published on March 02, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Caesars Acquisition Company’s Q3 revenue rose 1.1 percent” with publication date: November 07, 2016.
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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