Voya Investment Management LLC Sells 1,761 Shares of Accel Entertainment, Inc. $ACEL

Voya Investment Management LLC reduced its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,314 shares of the company’s stock after selling 1,761 shares during the quarter. Voya Investment Management LLC’s holdings in Accel Entertainment were worth $152,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACEL. Millennium Management LLC bought a new stake in shares of Accel Entertainment in the 4th quarter worth approximately $1,523,000. Two Sigma Investments LP grew its position in shares of Accel Entertainment by 164.3% in the 4th quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock worth $1,710,000 after buying an additional 99,532 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Accel Entertainment by 15.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock worth $706,000 after buying an additional 9,039 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Accel Entertainment during the first quarter valued at approximately $35,000. Finally, GAMMA Investing LLC boosted its position in shares of Accel Entertainment by 2,599.2% during the first quarter. GAMMA Investing LLC now owns 13,739 shares of the company’s stock valued at $1,385,000 after purchasing an additional 13,230 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ACEL has been the topic of several research reports. Zacks Research lowered Accel Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen upgraded Accel Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Accel Entertainment Price Performance

NYSE ACEL opened at $11.05 on Wednesday. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $13.27. The stock has a 50-day moving average of $11.52 and a 200 day moving average of $11.30. The company has a market capitalization of $931.40 million, a price-to-earnings ratio of 27.63 and a beta of 1.12. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.56 and a current ratio of 2.64.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $11.11, for a total value of $277,750.00. Following the completion of the sale, the director directly owned 248,135 shares in the company, valued at approximately $2,756,779.85. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 75,000 shares of company stock valued at $857,500. 18.33% of the stock is currently owned by company insiders.

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.