Point72 Asset Management L.P. Acquires 14,928 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Point72 Asset Management L.P. boosted its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 271.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,423 shares of the company’s stock after buying an additional 14,928 shares during the period. Point72 Asset Management L.P.’s holdings in Accel Entertainment were worth $218,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ACEL. Orvieto Partners L.P. bought a new stake in Accel Entertainment during the fourth quarter valued at $3,951,000. JPMorgan Chase & Co. boosted its stake in Accel Entertainment by 70.0% during the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company’s stock valued at $5,163,000 after buying an additional 199,092 shares during the period. Renaissance Technologies LLC boosted its stake in Accel Entertainment by 27.0% during the fourth quarter. Renaissance Technologies LLC now owns 823,917 shares of the company’s stock valued at $8,799,000 after buying an additional 175,112 shares during the period. Financial Counselors Inc. bought a new stake in Accel Entertainment during the fourth quarter valued at $1,866,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Accel Entertainment by 300.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company’s stock valued at $2,342,000 after buying an additional 164,560 shares during the period. Institutional investors own 55.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACEL shares. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities raised their price target on Accel Entertainment to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 1st.

Accel Entertainment Trading Up 0.0%

NYSE ACEL opened at $11.21 on Friday. The stock’s 50-day simple moving average is $10.79 and its two-hundred day simple moving average is $11.07. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $948.40 million, a price-to-earnings ratio of 21.97 and a beta of 1.22.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $11.73, for a total value of $293,250.00. Following the transaction, the director now owns 298,135 shares in the company, valued at approximately $3,497,123.55. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the insider now owns 216,575 shares in the company, valued at approximately $2,165,750. This represents a 2.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $671,000 over the last 90 days. Corporate insiders own 19.17% of the company’s stock.

About Accel Entertainment

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.