North Run Capital LP increased its position in shares of Caesars Acquisition Company (NASDAQ:CACQ) by 86.7% during the fourth quarter, Holdings Channel reports. The fund owned 124,773 shares of the company’s stock after buying an additional 57,933 shares during the period. Caesars Acquisition Company comprises about 0.5% of North Run Capital LP’s investment portfolio, making the stock its 18th largest position. North Run Capital LP owned approximately 0.09% of Caesars Acquisition Company worth $1,684,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Spark Investment Management LLC increased its position in shares of Caesars Acquisition Company by 86.6% in the third quarter. Spark Investment Management LLC now owns 293,700 shares of the company’s stock worth $3,647,000 after buying an additional 136,300 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Caesars Acquisition Company during the third quarter worth approximately $684,000. Mason Capital Management LLC bought a new position in shares of Caesars Acquisition Company during the third quarter worth approximately $11,736,000. Empyrean Capital Partners LP bought a new position in shares of Caesars Acquisition Company during the third quarter worth approximately $4,844,000. Finally, Canyon Capital Advisors LLC increased its position in shares of Caesars Acquisition Company by 6.7% in the third quarter. Canyon Capital Advisors LLC now owns 1,991,847 shares of the company’s stock worth $24,739,000 after buying an additional 125,200 shares during the last quarter. Institutional investors own 54.19% of the company’s stock.
Caesars Acquisition Company (NASDAQ:CACQ) traded up 0.89% during midday trading on Monday, hitting $14.20. The stock had a trading volume of 156,350 shares. The company has a market cap of $1.96 billion, a PE ratio of 3.57 and a beta of 0.65. The stock’s 50 day moving average price is $14.34 and its 200-day moving average price is $12.52. Caesars Acquisition Company has a 52 week low of $4.98 and a 52 week high of $15.68.
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In other Caesars Acquisition Company news, insider Troy J. Vanke sold 15,922 shares of the company’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $12.01, for a total value of $191,223.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Daniel Cohen sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $12.63, for a total value of $252,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
Caesars Acquisition Company Company Profile
Caesars Acquisition Company (CAC) is 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.
Want to see what other hedge funds are holding CACQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caesars Acquisition Company (NASDAQ:CACQ).
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