CIBC Private Wealth Group LLC Sells 90,319 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

CIBC Private Wealth Group LLC decreased its position in Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 539,256 shares of the company's stock after selling 90,319 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.65% of Accel Entertainment worth $5,668,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACEL. Barclays PLC lifted its holdings in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock worth $2,606,000 after acquiring an additional 57,666 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock valued at $3,304,000 after purchasing an additional 3,355 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $4,791,000 after purchasing an additional 6,641 shares during the period. SG Americas Securities LLC increased its stake in Accel Entertainment by 34.8% during 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 in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings 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 buying an additional 29,292 shares during the period. Institutional investors own 55.39% of the company's stock.

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Accel Entertainment Stock Down 0.8 %

ACEL stock traded down $0.08 during trading hours on Friday, reaching $9.61. 1,115,959 shares of the stock were exchanged, compared to its average volume of 266,057. The company has a market cap of $822.16 million, a price-to-earnings ratio of 18.84 and a beta of 1.35. The firm's 50-day moving average is $10.89 and its 200-day moving average is $11.16. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $12.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the business's 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 of the company's stock, valued at $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Macquarie upped their price target on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Friday, February 28th.

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.