On May 20, 2014, Caesars Growth Partners, LLC (NASDAQ:CACQ) acquired from Caesars Entertainment Operating Company, Inc. (“CEOC”), a majority-owned subsidiary of Caesars Entertainment Corporation (“CEC”), (or one or more of its affiliates) (i) Harrah’s New Orleans (the “Louisiana Property”), (ii) 50% of the ongoing management fees and any termination fees payable under the Louisiana Property Management Agreement (as defined below); and (iii) certain intellectual property that is specific to the Louisiana Property (together with the transactions described in (i) and (ii) above, the “Second Closing”) for an aggregate purchase price of $660.0 million, subject to various post-closing adjustments in accordance with that certain Transaction Agreement, dated March 1, 2014, as amended by the First Amendment to Transaction Agreement, dated May 5, 2014, entered into by and among Caesars Acquisition Company (“CAC” or the “Company”), Growth Partners, Caesars Entertainment Corporation (“CEC”), CEOC, Caesars License Company, LLC (“CLC”), Harrah’s New Orleans Management Company, Corner Investment Company, LLC, 3535 LV Corp., Parball Corporation and JCC Holding Company II, LLC, as further disclosed in the Company’s Current Report on 8-K filed with the Securities Exchange Commission (the “Commission”) on May 6, 2014. CAC is the managing member of Growth Partners. Caesars Acquisition Company (NASDAQ:CACQ) net profit margin is -90.00% and weekly performance is -5.15%. On last trading day company shares ended up $11.43. Analysts mean target price for the company is $6.50. Caesars Acquisition Company (NASDAQ:CACQ) distance from 50-day simple moving average (SMA50) is -12.35%.
On June 5, Diodes Incorporated (NASDAQ:DIOD) a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets, introduced the PAM8904 piezo-sounder driver with integrated multi-mode charge pump boost converter. The PAM8904 is capable of driving piezoelectric sounders up to 18VPP from a 3V power supply. With its wide input signal range of 20Hz to 300kHz and ability to deliver high volume at a low operating current, this driver is suitable for a variety of battery-powered applications, including medical systems, alarm clocks and security devices. Diodes Incorporated (NASDAQ:DIOD) shares advanced 4.21% in last trading session and ended the day on $29.45. Gross Margin is 29.50% and its return on assets is 3.30%. Diodes Incorporated (NASDAQ:DIOD) quarterly performance is 18.94%.
On June 4, 2014, PharMerica Corporation (NYSE:PMC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $31.40 target price on the stock. Zacks‘s price objective would suggest a potential upside of 14.02% from the company’s current price. PharMerica Corporation (NYSE:PMC) shares moved down 5.16% in last trading session and was closed at $29.74, while trading in range of $28.40 – $30.48. PharMerica Corporation (NYSE:PMC) year to date (YTD) performance is 38.33%.
On May 29, Shares of C&J Energy Services Inc (NASDAQ:CJES) have received a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, American Banking News reports. One analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $29.91. C&J Energy Services Inc (NYSE:CJES) ended the last trading day at $31.97. Company weekly volatility is calculated as 2.25% and price to cash ratio as 102.40. C&J Energy Services Inc (NYSE:CJES) showed a positive weekly performance of 4.44%.
On June 2, Hersha Hospitality Trust (NYSE:HT) owner of upscale hotels in urban gateway markets, announced that the Company has opened the brand new 205-room Hilton Garden Inn Midtown East. Hersha Hospitality Trust (NYSE:HT) net profit margin is 6.50% and weekly performance is 2.53%. On last trading day company shares ended up $6.49. Analysts mean target price for the company is $6.34. Hersha Hospitality Trust (NYSE:HT) distance from 50-day simple moving average (SMA50) is 9.10%.