Sei Investments Co. Lowers Stock Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Sei Investments Co. decreased its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 313,550 shares of the company's stock after selling 58,783 shares during the period. Sei Investments Co. owned approximately 0.38% of Accel Entertainment worth $3,349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after buying an additional 57,666 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock valued at $3,304,000 after acquiring an additional 3,355 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Accel Entertainment by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock valued at $4,791,000 after acquiring an additional 6,641 shares during the period. Teacher Retirement System of Texas grew its position in Accel Entertainment by 103.7% during the 4th quarter. Teacher Retirement System of Texas now owns 57,550 shares of the company's stock worth $615,000 after acquiring an additional 29,292 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Accel Entertainment by 34.8% in the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company's stock worth $422,000 after purchasing an additional 10,194 shares during the period. Institutional investors own 55.39% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Macquarie increased their price objective on Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Friday, February 28th.

Accel Entertainment Trading Up 1.9 %

Shares of ACEL stock traded up $0.18 during mid-day trading on Tuesday, reaching $9.99. The stock had a trading volume of 1,052,812 shares, compared to its average volume of 272,625. The firm has a market capitalization of $855.01 million, a PE ratio of 19.59 and a beta of 1.35. The stock's 50-day moving average price is $10.81 and its two-hundred day moving average price is $11.12. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54. Accel Entertainment, Inc. has a 52-week low of $9.02 and a 52-week high of $12.96.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the sale, the director now owns 335,635 shares in the company, valued at $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.90% of the stock is owned by insiders.

Accel Entertainment Profile

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.