Great West Life Assurance Co. Can held its stake in Caesars Acquisition Company (NASDAQ:CACQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,084 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Caesars Acquisition were worth $153,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Caesars Acquisition by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 7,018,921 shares of the company’s stock valued at $108,091,000 after purchasing an additional 350,840 shares during the period. Pentwater Capital Management LP grew its stake in Caesars Acquisition by 38.4% in the 1st quarter. Pentwater Capital Management LP now owns 1,706,613 shares of the company’s stock valued at $26,282,000 after purchasing an additional 473,277 shares during the period. Goldman Sachs Group Inc. grew its stake in Caesars Acquisition by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,358,697 shares of the company’s stock valued at $20,924,000 after purchasing an additional 35,526 shares during the period. Stonehill Capital Management LLC bought a new position in Caesars Acquisition in the 1st quarter valued at $4,757,000. Finally, Kavi Asset Management LP bought a new position in Caesars Acquisition in the 1st quarter valued at $3,676,000. Hedge funds and other institutional investors own 56.48% of the company’s stock.
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Caesars Acquisition Company (NASDAQ CACQ) opened at 19.25 on Friday. Caesars Acquisition Company has a 52 week low of $10.00 and a 52 week high of $20.75. The company has a market cap of $2.68 billion, a P/E ratio of 4.44 and a beta of 0.60. The firm has a 50-day moving average price of $18.82 and a 200-day moving average price of $17.75.
Separately, BidaskClub downgraded Caesars Acquisition from a “hold” rating to a “sell” rating in a research note 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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