Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,775 shares of the company’s stock after acquiring an additional 3,917 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Accel Entertainment were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Panagora Asset Management Inc. grew its position in Accel Entertainment by 594.9% during the 3rd quarter. Panagora Asset Management Inc. now owns 71,130 shares of the company’s stock worth $779,000 after purchasing an additional 60,894 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Accel Entertainment by 9.3% during the third quarter. Teacher Retirement System of Texas now owns 27,401 shares of the company’s stock worth $300,000 after buying an additional 2,323 shares during the period. Barclays PLC grew its holdings in shares of Accel Entertainment by 4.0% during the third quarter. Barclays PLC now owns 68,762 shares of the company’s stock worth $753,000 after buying an additional 2,642 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Accel Entertainment by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 430,589 shares of the company’s stock valued at $4,715,000 after acquiring an additional 27,218 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its stake in Accel Entertainment by 291.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 118,644 shares of the company’s stock valued at $1,299,000 after acquiring an additional 88,314 shares during the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Accel Entertainment Trading Up 1.0 %

Shares of ACEL stock opened at $11.61 on Thursday. The company has a market capitalization of $972.92 million, a P/E ratio of 21.91 and a beta of 1.42. The company has a current ratio of 2.85, a quick ratio of 2.78 and a debt-to-equity ratio of 2.59. The business’s 50 day moving average is $11.45 and its two-hundred day moving average is $10.65. Accel Entertainment, Inc. has a twelve month low of $8.84 and a twelve month high of $12.05.

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

Insider Transactions at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 20,000 shares of Accel Entertainment 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 sale, the director now owns 466,545 shares of the company’s stock, valued at approximately $4,796,082.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Accel Entertainment news, Director David W. Ruttenberg sold 20,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 466,545 shares of the company’s stock, valued at $4,796,082.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Karl Mr. Peterson sold 30,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the director now owns 2,505,645 shares of the company’s stock, valued at approximately $27,562,095. The disclosure for this sale can be found here. Insiders have sold a total of 135,999 shares of company stock worth $1,520,439 over the last ninety days. 17.90% of the stock is currently owned by company insiders.

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.