Accel Entertainment, Inc. (NYSE:ACEL) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 164.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,094 shares of the company’s stock after purchasing an additional 99,532 shares during the period. Two Sigma Investments LP owned 0.19% of Accel Entertainment worth $1,710,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Covestor Ltd lifted its position in Accel Entertainment by 32.4% during the fourth quarter. Covestor Ltd now owns 4,294 shares of the company’s stock worth $46,000 after buying an additional 1,051 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Accel Entertainment in the 4th quarter worth $51,000. Russell Investments Group Ltd. raised its holdings in shares of Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company’s stock worth $56,000 after acquiring an additional 5,200 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Accel Entertainment by 483.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company’s stock worth $79,000 after acquiring an additional 6,151 shares during the period. Finally, Chapman Financial Group LLC acquired a new position in shares of Accel Entertainment during the 4th quarter valued at about $98,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Derek Harmer sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the transaction, the director now directly owns 298,135 shares of the company’s stock, valued at $3,497,123.55. The trade was a 7.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $671,000 over the last 90 days. 19.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Macquarie restated an “outperform” rating and set a $16.00 price objective on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities increased their price target on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 1st.

Accel Entertainment Price Performance

NYSE:ACEL opened at $11.24 on Tuesday. Accel Entertainment, Inc. has a 52 week low of $9.02 and a 52 week high of $12.96. The stock’s fifty day moving average is $10.93 and its two-hundred day moving average is $11.04. The company has a market capitalization of $950.94 million, a P/E ratio of 22.03 and a beta of 1.22. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54.

Accel Entertainment Company 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.