Accel Entertainment, Inc. (NYSE:ACEL) Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 188,438 shares of the company’s stock after selling 14,877 shares during the quarter. Bank of New York Mellon Corp’s holdings in Accel Entertainment were worth $2,013,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ACEL. Charles Schwab Investment Management Inc. lifted its holdings in Accel Entertainment by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 441,937 shares of the company’s stock valued at $5,135,000 after acquiring an additional 3,151 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the period. Barclays PLC increased its holdings in Accel Entertainment by 34.6% in the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after buying an additional 57,666 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Accel Entertainment by 20.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 185,994 shares of the company’s stock worth $2,161,000 after buying an additional 31,502 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Accel Entertainment by 12.3% during the third quarter. Algert Global LLC now owns 177,640 shares of the company’s stock valued at $2,064,000 after purchasing an additional 19,400 shares during the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Accel Entertainment Stock Performance

Accel Entertainment stock opened at $9.95 on Friday. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.96. The firm has a market capitalization of $850.90 million, a P/E ratio of 19.50 and a beta of 1.54. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. The stock has a fifty day moving average price of $11.05 and a two-hundred day moving average price of $11.26.

Insider Activity

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $10.61, for a total value of $265,250.00. Following the completion of the sale, the director now directly owns 348,135 shares in the company, valued at $3,693,712.35. This trade represents a 6.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Macquarie increased their price objective on Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 28th.

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.