Susquehanna International Group LLP Takes $287,000 Position in Caesars Acquisition Company (CACQ)
Susquehanna International Group LLP purchased a new position in shares of Caesars Acquisition Company (NASDAQ:CACQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,082 shares of the company’s stock, valued at approximately $287,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in shares of Caesars Acquisition by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,765 shares of the company’s stock worth $129,000 after buying an additional 1,012 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Caesars Acquisition during the second quarter worth about $142,000. Americafirst Capital Management LLC grew its holdings in shares of Caesars Acquisition by 49.0% during the second quarter. Americafirst Capital Management LLC now owns 8,392 shares of the company’s stock worth $160,000 after buying an additional 2,760 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Caesars Acquisition during the first quarter worth about $166,000. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of Caesars Acquisition during the first quarter worth about $166,000. 56.48% of the stock is currently owned by hedge funds and other institutional investors.
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Separately, BidaskClub lowered Caesars Acquisition from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th.
Caesars Acquisition Company (CACQ) opened at 21.25 on Tuesday. The company’s 50 day moving average price is $19.49 and its 200-day moving average price is $18.40. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 4.91 and a beta of 0.64. Caesars Acquisition Company has a 12-month low of $10.00 and a 12-month high of $22.05.
Caesars Acquisition Profile
Caesars Acquisition Company (CAC) 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 its outstanding voting units.
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