Accel Entertainment, Inc. (NYSE:ACEL) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 448,578 shares of the company’s stock after buying an additional 6,641 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Accel Entertainment were worth $4,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olympiad Research LP acquired a new stake in Accel Entertainment in the fourth quarter valued at approximately $162,000. New York State Teachers Retirement System purchased a new position in shares of Accel Entertainment during the 4th quarter valued at approximately $51,000. Legato Capital Management LLC grew its stake in Accel Entertainment by 33.4% in the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock valued at $180,000 after acquiring an additional 4,219 shares during the period. R Squared Ltd acquired a new position in Accel Entertainment during the fourth quarter worth $91,000. Finally, SG Americas Securities LLC lifted its holdings in Accel Entertainment by 34.8% during the fourth quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock valued at $422,000 after purchasing an additional 10,194 shares in the last quarter. Hedge funds and other institutional investors own 55.39% of the company’s stock.

Accel Entertainment Price Performance

Shares of Accel Entertainment stock opened at $10.13 on Wednesday. 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 business has a 50 day simple moving average of $11.04 and a two-hundred day simple moving average of $11.24. The stock has a market capitalization of $866.73 million, a P/E ratio of 19.86 and a beta of 1.54. Accel Entertainment, Inc. has a 12 month low of $9.37 and a 12 month high of $12.96.

Insider Activity at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now directly owns 335,635 shares in the company, valued at approximately $4,145,092.25. The trade was a 6.93 % 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. 19.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Macquarie boosted their target price on shares of Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th.

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.