D. E. Shaw & Co. Inc. Buys New Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

D. E. Shaw & Co. Inc. purchased a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 114,975 shares of the company's stock, valued at approximately $1,228,000. D. E. Shaw & Co. Inc. owned 0.14% of Accel Entertainment as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Derek Harmer sold 5,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was 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. This represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $11.73, for a total transaction of $293,250.00. Following the transaction, the director now directly owns 298,135 shares of the company's stock, valued at approximately $3,497,123.55. This represents a 7.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $671,000 over the last 90 days. Insiders own 19.17% of the company's stock.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.21 on Friday. The stock has a market cap of $948.40 million, a PE ratio of 21.97 and a beta of 1.22. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 1 year low of $9.02 and a 1 year high of $12.96. The stock has a fifty day moving average price of $10.77 and a 200 day moving average price of $11.07.

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.

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