FNY Partners Fund LP Buys Shares of 7,497 Caesars Acquisition Company (CACQ)
FNY Partners Fund LP bought a new position in Caesars Acquisition Company (NASDAQ:CACQ) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 7,497 shares of the company’s stock, valued at approximately $142,000.
Several other large investors also recently bought and sold shares of CACQ. Victory Capital Management Inc. lifted its position in shares of Caesars Acquisition by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,765 shares of the company’s stock worth $129,000 after purchasing an additional 1,012 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Caesars Acquisition in the 1st quarter worth about $166,000. Marshall Wace North America L.P. purchased a new stake in shares of Caesars Acquisition in the 1st quarter worth about $166,000. BNP Paribas Arbitrage SA lifted its position in shares of Caesars Acquisition by 249.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,297 shares of the company’s stock worth $177,000 after purchasing an additional 6,640 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Caesars Acquisition by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 11,571 shares of the company’s stock worth $221,000 after purchasing an additional 370 shares during the period. 56.48% of the stock is owned by hedge funds and other institutional investors.
Caesars Acquisition Company (NASDAQ:CACQ) traded down 0.822% during midday trading on Wednesday, hitting $18.695. 5,718 shares of the stock traded hands. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 4.317 and a beta of 0.60. Caesars Acquisition Company has a 52-week low of $10.00 and a 52-week high of $20.75. The firm’s 50-day moving average is $18.97 and its 200-day moving average is $17.66.
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Separately, BidaskClub cut shares of Caesars Acquisition from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.
About Caesars Acquisition
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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