Cerity Partners LLC Trims Stake in Accel Entertainment, Inc. (NYSE:ACEL)

Cerity Partners LLC reduced its position in Accel Entertainment, Inc. (NYSE:ACEL) by 84.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,334 shares of the company’s stock after selling 165,887 shares during the period. Cerity Partners LLC’s holdings in Accel Entertainment were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ACEL. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Accel Entertainment by 110.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,858 shares of the company’s stock valued at $119,000 after purchasing an additional 5,690 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Accel Entertainment in the 4th quarter valued at about $141,000. Dark Forest Capital Management LP purchased a new stake in shares of Accel Entertainment in the 3rd quarter valued at about $292,000. Teacher Retirement System of Texas increased its position in Accel Entertainment by 9.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 27,401 shares of the company’s stock valued at $300,000 after acquiring an additional 2,323 shares during the period. Finally, Hsbc Holdings PLC increased its position in Accel Entertainment by 75.8% in the 3rd quarter. Hsbc Holdings PLC now owns 30,884 shares of the company’s stock valued at $339,000 after acquiring an additional 13,316 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.19 on Friday. The stock has a market capitalization of $937.72 million, a PE ratio of 21.11 and a beta of 1.40. Accel Entertainment, Inc. has a 52-week low of $8.31 and a 52-week high of $12.05. The stock’s 50-day moving average price is $11.31 and its 200 day moving average price is $10.60. The company has a quick ratio of 2.78, a current ratio of 2.85 and a debt-to-equity ratio of 2.59.

Accel Entertainment (NYSE:ACEL) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $297.07 million for the quarter, compared to analysts’ expectations of $286.32 million. Accel Entertainment had a return on equity of 39.62% and a net margin of 3.90%. As a group, equities research analysts forecast that Accel Entertainment, Inc. will post 0.75 EPS for the current year.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $10.28, for a total value of $205,600.00. Following the transaction, the director now owns 466,545 shares in the company, valued at approximately $4,796,082.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Accel Entertainment news, Director Karl Mr. Peterson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the director now owns 2,505,645 shares in the company, valued at approximately $27,562,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David W. Ruttenberg sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $10.28, for a total value of $205,600.00. Following the transaction, the director now owns 466,545 shares in the company, valued at approximately $4,796,082.60. The disclosure for this sale can be found here. Insiders have sold 135,999 shares of company stock worth $1,520,439 in the last quarter. Company insiders own 19.17% of the company’s stock.

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.