Arrowstreet Capital Limited Partnership lifted its holdings in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 300.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 219,256 shares of the company's stock after acquiring an additional 164,560 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.27% of Accel Entertainment worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in ACEL. New York State Teachers Retirement System bought a new stake in Accel Entertainment in the 4th quarter valued at about $51,000. Point72 Asset Management L.P. bought a new stake in shares of Accel Entertainment during the third quarter valued at approximately $64,000. R Squared Ltd acquired a new position in shares of Accel Entertainment during the fourth quarter worth approximately $91,000. EP Wealth Advisors LLC bought a new position in shares of Accel Entertainment in the 3rd quarter worth $146,000. Finally, Quantbot Technologies LP grew its position in Accel Entertainment by 90.7% in the 4th quarter. Quantbot Technologies LP now owns 12,841 shares of the company's stock valued at $137,000 after purchasing an additional 6,106 shares during the period. 55.39% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Accel Entertainment
In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total value of $308,750.00. Following the transaction, the director now owns 335,635 shares of the company's stock, valued at approximately $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the insider now owns 216,575 shares of the company's stock, valued at $2,165,750. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,000 shares of company stock valued at $951,750 over the last 90 days. Insiders own 19.17% of the company's stock.
Analyst Ratings Changes
Separately, Macquarie upped their price objective on shares of Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, February 28th.
Check Out Our Latest Stock Analysis on Accel Entertainment
Accel Entertainment Stock Up 1.3 %
ACEL stock traded up $0.15 during mid-day trading on Tuesday, reaching $11.18. 111,299 shares of the company traded hands, compared to its average volume of 280,256. The stock has a market cap of $956.14 million, a price-to-earnings ratio of 21.91 and a beta of 1.35. Accel Entertainment, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $12.96. The firm's 50 day moving average price is $10.75 and its 200 day moving average price is $11.09. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.
About Accel Entertainment
(
Free Report)
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.
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