Caesars Acquisition Co. (NASDAQ:CACQ) shares were up 4.1% during trading on Thursday . The stock traded as high as $11.76 and last traded at $11.76, with a volume of 50,935 shares trading hands. The stock had previously closed at $11.30.

The company’s 50-day moving average is $11.17 and its 200 day moving average is $8.48. The company has a market capitalization of $1.62 billion and a PE ratio of 49.08.

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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