Caesars Acquisition Company (CACQ): What Smart Money Thinks about This Stock?

Consequently, key money managers were breaking ground themselves. Empyrean Capital Partners, led by Michael A. Price and Amos Meron, assembled the most valuable position in Caesars Acquisition Company (NASDAQ:CACQ). Empyrean Capital Partners had $4.8 million invested in the company at the end of the third quarter. Doug Silverman and Alexander Klabin’s Senator Investment Group also initiated a $1.6 million position during the quarter. The other funds with brand new CACQ positions are Charles Davidson’s Wexford Capital, Thomas Ellis and Todd Hammer’s North Run Capital, and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s now review hedge fund activity in other stocks similar to Caesars Acquisition Company (NASDAQ:CACQ). We will take a look at Mobile Mini Inc (NASDAQ:MINI), Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), Brady Corp (NYSE:BRC), and 3D Systems Corporation (NYSE:DDD). This group of stocks’ market valuations are similar to CACQ’s market valuation.

As you can see these stocks had an average of 13 funds with bullish positions and the average amount invested in these stocks was $117 million at the end of September, compared to $374 million in CACQ’s case. Brady Corp (NYSE:BRC) is the most popular stock in this table. On the other hand Mobile Mini Inc (NASDAQ:MINI) is the least popular one with only eight investors holding shares. Caesars Acquisition Company (NASDAQ:CACQ) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Brady Corp (NYSE:BRC) might be a better candidate to consider taking a long position in.