American Century Companies Inc. Has $19.12 Million Holdings in Accel Entertainment, Inc. $ACEL

Key Points

• American Century Companies Inc. reduced its stake in Accel Entertainment by 19.2%, selling 456,719 shares and now holding 1,927,573 shares worth approximately $19.1 million.
• Accel Entertainment's stock is currently trading at around $11.60, with a market capitalization of $977.68 million and an average target price among analysts of $15.50.
• Insider selling activity includes CAO Christen Kozlik and director David W. Ruttenberg, who sold shares worth a combined total of approximately $326,096 recently.

American Century Companies Inc. lessened its position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 19.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,927,573 shares of the company's stock after selling 456,719 shares during the period. American Century Companies Inc. owned approximately 2.25% of Accel Entertainment worth $19,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of Accel Entertainment during the 1st quarter worth approximately $35,000. Russell Investments Group Ltd. lifted its holdings in shares of Accel Entertainment by 11,304.3% during the 4th quarter. Russell Investments Group Ltd. now owns 5,246 shares of the company's stock worth $56,000 after acquiring an additional 5,200 shares during the period. Tower Research Capital LLC TRC lifted its stake in Accel Entertainment by 483.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,422 shares of the company's stock valued at $79,000 after purchasing an additional 6,151 shares during the last quarter. Chapman Financial Group LLC bought a new position in Accel Entertainment in the 4th quarter valued at approximately $98,000. Finally, Trifecta Capital Advisors LLC lifted its stake in Accel Entertainment by 437.9% in the 1st quarter. Trifecta Capital Advisors LLC now owns 9,144 shares of the company's stock valued at $91,000 after purchasing an additional 7,444 shares during the last quarter. Institutional investors own 55.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ACEL shares. Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Accel Entertainment in a research note on Tuesday, May 6th. Northland Securities increased their price objective on shares of Accel Entertainment to $15.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Accel Entertainment has an average rating of "Buy" and a consensus target price of $15.50.

Insider Buying and Selling at Accel Entertainment

In other news, CAO Christen Kozlik sold 3,791 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $11.50, for a total transaction of $43,596.50. Following the completion of the transaction, the chief accounting officer owned 4,534 shares of the company's stock, valued at approximately $52,141. This trade represents a 45.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $11.50, for a total transaction of $57,500.00. Following the transaction, the insider directly owned 202,880 shares of the company's stock, valued at $2,333,120. The trade was a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,674 shares of company stock worth $1,633,408 over the last ninety days. Insiders own 18.33% of the company's stock.

Accel Entertainment Trading Down 0.3%

Shares of ACEL stock traded down $0.04 during trading hours on Thursday, hitting $11.51. 169,397 shares of the company's stock traded hands, compared to its average volume of 358,600. The stock's 50 day simple moving average is $11.89 and its 200 day simple moving average is $11.30. The stock has a market cap of $970.18 million, a PE ratio of 28.73 and a beta of 1.32. Accel Entertainment, Inc. has a 12 month low of $9.02 and a 12 month high of $13.27. The company has a quick ratio of 2.56, a current ratio of 2.64 and a debt-to-equity ratio of 2.15.

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.