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

The firm has a market capitalization of $1.70 billion and a P/E ratio of 51.521. The company has a 50 day moving average of $11.27 and a 200-day moving average of $8.91.

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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