Balyasny Asset Management L.P. Sells 82,658 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Balyasny Asset Management L.P. trimmed its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,001 shares of the company's stock after selling 82,658 shares during the quarter. Balyasny Asset Management L.P. owned 0.26% of Accel Entertainment worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ACEL. Orvieto Partners L.P. bought a new position in Accel Entertainment in the 4th quarter worth $3,951,000. JPMorgan Chase & Co. raised its stake in shares of Accel Entertainment by 70.0% in the fourth quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after buying an additional 199,092 shares during the period. Renaissance Technologies LLC lifted its position in shares of Accel Entertainment by 27.0% during the 4th quarter. Renaissance Technologies LLC now owns 823,917 shares of the company's stock valued at $8,799,000 after buying an additional 175,112 shares in the last quarter. Financial Counselors Inc. purchased a new position in shares of Accel Entertainment during the 4th quarter valued at about $1,866,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Accel Entertainment by 300.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock valued at $2,342,000 after acquiring an additional 164,560 shares during the period. Institutional investors own 55.39% of the company's stock.

Analysts Set New Price Targets

ACEL has been the subject of a number of recent analyst reports. Northland Securities upped their price target on shares of Accel Entertainment to $15.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Macquarie reiterated an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday, May 6th.

Accel Entertainment Price Performance

ACEL traded down $0.09 on Friday, hitting $11.72. 296,164 shares of the company's stock traded hands, compared to its average volume of 289,172. The company's 50 day simple moving average is $10.61 and its 200-day simple moving average is $11.06. 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, Inc. has a one year low of $9.02 and a one year high of $12.96. The firm has a market cap of $992.25 million, a price-to-earnings ratio of 22.99 and a beta of 1.22.

Insider Activity

In other news, insider Derek Harmer sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 216,575 shares of the company's stock, valued at $2,165,750. This represents a 2.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $12.35, for a total value of $308,750.00. Following the transaction, the director now owns 335,635 shares of the company's stock, valued at $4,145,092.25. This represents a 6.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,000 shares of company stock worth $979,750 over the last quarter. Insiders own 17.90% of the company's stock.

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.