American Century Companies Inc. Sells 738,482 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

American Century Companies Inc. lessened its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 23.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,384,292 shares of the company's stock after selling 738,482 shares during the period. American Century Companies Inc. owned approximately 2.90% of Accel Entertainment worth $25,464,000 as of its most recent filing with the SEC.

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

Accel Entertainment Stock Down 5.3 %

ACEL traded down $0.55 during mid-day trading on Thursday, reaching $9.68. 391,102 shares of the stock were exchanged, compared to its average volume of 261,859. Accel Entertainment, Inc. has a 1 year low of $9.37 and a 1 year high of $12.96. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. The stock has a market capitalization of $827.80 million, a PE ratio of 18.97 and a beta of 1.35. The company has a 50 day moving average price of $10.92 and a two-hundred day moving average price of $11.18.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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. 19.17% of the stock is owned by corporate insiders.

About Accel Entertainment

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.