Caesars Acquisition Co. (NASDAQ:CACQ) rose 6.4% on Friday . The stock traded as high as $11.93 and last traded at $11.20, with a volume of 102,694 shares. The stock had previously closed at $10.53.

The stock has a market cap of $1.51 billion and a P/E ratio of 46.13. The firm has a 50 day moving average of $11.03 and a 200 day moving average of $7.73.

Caesars Acquisition Company (CAC) was formed to make an equity investment in Caesars Growth Partners, LLC (CGP LLC), a joint venture between CAC and Caesars Entertainment Corporation. CAC’s primary asset is its membership interest in CGP LLC and does not have any operations other than through its interest in CGP LLC.

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