Accel Entertainment, Inc. (NYSE:ACEL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its position in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,537 shares of the company’s stock after selling 1,128 shares during the quarter. California State Teachers Retirement System’s holdings in Accel Entertainment were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PharVision Advisers LLC acquired a new stake in shares of Accel Entertainment in the fourth quarter valued at about $189,000. 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 fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,064 shares of the company’s stock valued at $706,000 after purchasing an additional 9,039 shares during the period. Two Sigma Advisers LP grew its position in shares of Accel Entertainment by 111.5% in the fourth quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock valued at $1,597,000 after purchasing an additional 78,800 shares during the period. Two Sigma Investments LP grew its position in shares of Accel Entertainment by 164.3% in the fourth quarter. Two Sigma Investments LP now owns 160,094 shares of the company’s stock valued at $1,710,000 after purchasing an additional 99,532 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Accel Entertainment in the fourth quarter valued at about $255,000. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ACEL shares. Macquarie reiterated an “outperform” rating and issued a $16.00 target price on shares of Accel Entertainment in a research report on Tuesday, May 6th. Northland Securities lifted their target price on shares of Accel Entertainment to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 1st.

Insider Buying and Selling

In related news, insider Derek Harmer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. Following the transaction, the insider now directly owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Christen Kozlik sold 3,791 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $11.50, for a total transaction of $43,596.50. Following the transaction, the chief accounting officer now owns 4,534 shares in the company, valued at $52,141. The trade was a 45.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,674 shares of company stock worth $1,327,858. 19.17% of the stock is owned by insiders.

Accel Entertainment Stock Performance

ACEL opened at $11.63 on Thursday. The firm has a market capitalization of $983.95 million, a PE ratio of 22.79 and a beta of 1.23. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The firm’s 50-day moving average price is $11.13 and its 200 day moving average price is $11.04. The company has a current ratio of 2.71, a quick ratio of 2.63 and a debt-to-equity ratio of 2.54.

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.