Accel Entertainment (NYSE:ACEL) Sees Large Volume Increase – Here’s What Happened

by · The Cerbat Gem

Accel Entertainment, Inc. (NYSE:ACELGet Free Report) saw unusually-strong trading volume on Friday . Approximately 216,879 shares changed hands during trading, a decline of 39% from the previous session’s volume of 357,183 shares.The stock last traded at $11.3510 and had previously closed at $11.49.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research downgraded Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Accel Entertainment in a research note on Monday. Macquarie reaffirmed an “outperform” rating and set a $16.00 target price on shares of Accel Entertainment in a report on Wednesday, November 5th. Citizens Jmp assumed coverage on Accel Entertainment in a research report on Friday, December 5th. They set a “market outperform” rating and a $13.00 price target for the company. Finally, Wall Street Zen lowered Accel Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Accel Entertainment currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Read Our Latest Analysis on ACEL

Accel Entertainment Price Performance

The company has a 50-day moving average of $10.55 and a 200 day moving average of $11.15. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $946.51 million, a PE ratio of 22.73 and a beta of 1.08.

Insider Transactions at Accel Entertainment

In other news, insider Derek Harmer sold 10,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $11.11, for a total transaction of $111,100.00. Following the sale, the insider owned 204,917 shares of the company’s stock, valued at approximately $2,276,627.87. The trade was a 4.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $11.19, for a total transaction of $279,750.00. Following the transaction, the director directly owned 223,135 shares of the company’s stock, valued at approximately $2,496,880.65. This trade represents a 10.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,000 shares of company stock worth $723,600 over the last ninety days. 18.33% of the stock is owned by insiders.

Institutional Trading of Accel Entertainment

Large investors have recently made changes to their positions in the company. MetLife Investment Management LLC increased its position in Accel Entertainment by 4.7% in the 1st quarter. MetLife Investment Management LLC now owns 31,104 shares of the company’s stock valued at $309,000 after acquiring an additional 1,389 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $134,000. Trexquant Investment LP acquired a new stake in Accel Entertainment in the first quarter valued at $408,000. EP Wealth Advisors LLC increased its holdings in Accel Entertainment by 41.1% during the 1st quarter. EP Wealth Advisors LLC now owns 21,430 shares of the company’s stock valued at $213,000 after acquiring an additional 6,244 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Accel Entertainment by 13.1% during the 1st quarter. AQR Capital Management LLC now owns 160,415 shares of the company’s stock worth $1,591,000 after purchasing an additional 18,643 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Company Profile

(Get Free Report)

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.

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