Kornitzer Capital Management Inc. KS Has $1.08 Million Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Kornitzer Capital Management Inc. KS lessened its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 33.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 105,100 shares of the company’s stock after selling 51,700 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Accel Entertainment were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ACEL. Advisor Group Holdings Inc. increased its holdings in Accel Entertainment by 87.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,143 shares of the company’s stock valued at $111,000 after buying an additional 4,257 shares during the period. Principal Financial Group Inc. bought a new stake in Accel Entertainment in the 1st quarter valued at $126,000. Bank of New York Mellon Corp grew its holdings in shares of Accel Entertainment by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 206,892 shares of the company’s stock worth $2,520,000 after purchasing an additional 3,679 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Accel Entertainment by 53.2% in the 1st quarter. MetLife Investment Management LLC now owns 30,368 shares of the company’s stock worth $370,000 after purchasing an additional 10,543 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Accel Entertainment by 9.9% in the 1st quarter. Rhumbline Advisers now owns 50,962 shares of the company’s stock worth $621,000 after purchasing an additional 4,593 shares during the last quarter. Institutional investors own 55.39% of the company’s stock.

Accel Entertainment Stock Up 1.0 %

ACEL opened at $11.37 on Monday. The firm’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $10.58. The company has a debt-to-equity ratio of 2.59, a quick ratio of 2.78 and a current ratio of 2.85. Accel Entertainment, Inc. has a twelve month low of $8.28 and a twelve month high of $12.05. The firm has a market cap of $952.81 million, a price-to-earnings ratio of 21.45 and a beta of 1.40.

Accel Entertainment (NYSE:ACEL) last posted its earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Accel Entertainment had a net margin of 3.90% and a return on equity of 39.62%. The business had revenue of $297.07 million for the quarter, compared to analyst estimates of $286.32 million. Equities research analysts anticipate that Accel Entertainment, Inc. will post 0.75 EPS for the current fiscal year.

Insider Transactions at Accel Entertainment

In other news, Director David W. Ruttenberg sold 14,292 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $11.01, for a total value of $157,354.92. Following the sale, the director now owns 446,914 shares of the company’s stock, valued at approximately $4,920,523.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Derek Harmer sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $11.21, for a total transaction of $112,100.00. Following the transaction, the insider now owns 187,553 shares in the company, valued at approximately $2,102,469.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David W. Ruttenberg sold 14,292 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $11.01, for a total transaction of $157,354.92. Following the transaction, the director now owns 446,914 shares in the company, valued at approximately $4,920,523.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,999 shares of company stock valued at $1,520,439. 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.