Caesars Acquisition Co. (NASDAQ:CACQ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $12.93 and last traded at $12.39, with a volume of 96,714 shares trading hands. The stock had previously closed at $12.07.

The company’s 50-day moving average price is $11.27 and its 200 day moving average price is $8.93. The company has a market cap of $1.67 billion and a PE ratio of 50.71.

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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