Key Points
- Director David Ruttenberg sold 25,000 shares on Feb. 18 at an average price of $11.04 for roughly $276,000, cutting his position by 11.2% to 198,135 shares valued at about $2.19 million.
- Shares trade around $11.41 with 50- and 200-day moving averages near $11.32 and $10.94, respectively; analysts have a “Moderate Buy” consensus with an average price target of $14.25 (four Buys, three Holds).
- Significant institutional activity includes a new Hill Path Capital stake (~$32.8M) and large increases by Millennium and Goldman, leaving institutions owning about 55.39% of the stock.
Accel Entertainment, Inc. (NYSE:ACEL - Get Free Report) Director David Ruttenberg sold 25,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $11.04, for a total transaction of $276,000.00. Following the completion of the sale, the director owned 198,135 shares of the company's stock, valued at approximately $2,187,410.40. The trade was a 11.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Accel Entertainment Trading Up 0.9%
Shares of ACEL opened at $11.41 on Friday. The stock's 50-day moving average price is $11.32 and its 200 day moving average price is $10.94. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $949.01 million, a price-to-earnings ratio of 22.81 and a beta of 1.07. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $13.27.
Analysts Set New Price Targets
A number of research analysts recently commented on ACEL shares. Citigroup began coverage on Accel Entertainment in a research note on Friday, December 5th. They issued an "outperform" rating for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Accel Entertainment in a research note on Monday, December 29th. Macquarie Infrastructure reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Accel Entertainment in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. Finally, Citizens Jmp set a $13.00 target price on shares of Accel Entertainment in a research note on Friday, December 5th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Accel Entertainment currently has a consensus rating of "Moderate Buy" and an average price target of $14.25.
Get Our Latest Stock Analysis on Accel Entertainment
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hill Path Capital LP acquired a new stake in shares of Accel Entertainment in the 2nd quarter valued at $32,828,000. CIBC Bancorp USA Inc. bought a new position in Accel Entertainment during the 3rd quarter valued at about $4,368,000. Millennium Management LLC lifted its holdings in Accel Entertainment by 252.5% during the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company's stock valued at $4,985,000 after purchasing an additional 359,948 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Accel Entertainment by 177.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 548,952 shares of the company's stock valued at $6,264,000 after buying an additional 351,012 shares in the last quarter. Finally, Visualize Group LP bought a new stake in Accel Entertainment during the third quarter worth about $2,280,000. 55.39% of the stock is owned by institutional investors.
About Accel Entertainment
(
Get Free Report)
Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.
Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.
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