UBS Group AG Buys 83,725 Shares of Accel Entertainment, Inc. $ACEL

Key Points

• UBS Group AG increased its stake in Accel Entertainment by 71.6% in the fourth quarter, buying 83,725 more shares and bringing its total holding to 200,736 shares valued at about $2.29 million.
• Insider selling continued, with directors David W. Ruttenberg and Gordon Rubenstein recently selling shares; overall insiders sold 898,524 shares worth about $10.26 million last quarter.
• Accel reported better-than-expected quarterly results, posting EPS of $0.17 versus the $0.16 estimate and revenue of $351.56 million, while analysts currently rate the stock a consensus Moderate Buy with a $14.67 price target.

UBS Group AG lifted its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,736 shares of the company's stock after acquiring an additional 83,725 shares during the period. UBS Group AG owned approximately 0.24% of Accel Entertainment worth $2,290,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Accel Entertainment by 2.0% during the third quarter. Vanguard Group Inc. now owns 3,896,993 shares of the company's stock worth $43,140,000 after acquiring an additional 74,992 shares in the last quarter. Invesco Ltd. increased its position in shares of Accel Entertainment by 5.7% during the third quarter. Invesco Ltd. now owns 926,303 shares of the company's stock worth $10,254,000 after acquiring an additional 50,305 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Accel Entertainment by 8.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 857,240 shares of the company's stock worth $9,490,000 after acquiring an additional 65,610 shares in the last quarter. Millennium Management LLC increased its position in shares of Accel Entertainment by 252.5% during the first quarter. Millennium Management LLC now owns 502,521 shares of the company's stock worth $4,985,000 after acquiring an additional 359,948 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of Accel Entertainment by 3.3% during the third quarter. Hillsdale Investment Management Inc. now owns 502,500 shares of the company's stock worth $5,563,000 after acquiring an additional 16,200 shares in the last quarter. Institutional investors own 55.39% of the company's stock.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 10,000 shares of Accel Entertainment stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $11.53, for a total value of $115,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon Rubenstein sold 12,931 shares of Accel Entertainment stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $11.55, for a total transaction of $149,353.05. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 898,524 shares of company stock valued at $10,263,964 over the last quarter. 14.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACEL shares. Wall Street Zen downgraded shares of Accel Entertainment from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 2nd. Truist Financial increased their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a "hold" rating in a research report on Wednesday, March 4th. Citizens Jmp increased their price objective on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a "market outperform" rating in a research report on Wednesday, March 4th. Weiss Ratings lowered shares of Accel Entertainment from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 11th. Finally, Zacks Research lowered shares of Accel Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $14.67.

Accel Entertainment Stock Up 1.5%

Shares of ACEL stock opened at $11.97 on Thursday. The company has a current ratio of 2.71, a quick ratio of 2.64 and a debt-to-equity ratio of 2.02. Accel Entertainment, Inc. has a 1 year low of $9.55 and a 1 year high of $13.31. The firm's fifty day moving average price is $11.57 and its two-hundred day moving average price is $11.23. The firm has a market capitalization of $973.83 million, a P/E ratio of 19.94 and a beta of 1.04.

Accel Entertainment (NYSE:ACEL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Accel Entertainment had a net margin of 3.79% and a return on equity of 25.70%. The firm had revenue of $351.56 million for the quarter, compared to analyst estimates of $342.88 million. On average, equities analysts predict that Accel Entertainment, Inc. will post 0.7 EPS for the current fiscal year.

About Accel Entertainment

Accel Entertainment, Inc is a Chicago-based gaming and entertainment company specializing in the provision of regulated electronic gaming terminals and related management services to licensed establishments across the United States. The company’s core offerings include video gaming terminals (VGTs), digital payment solutions, player loyalty programs and compliance support, all designed to enhance customer engagement and operational efficiency for bars, restaurants, truck stops and convenience stores.

Founded in 2005, Accel Entertainment has built a network that spans multiple states, including Illinois, Pennsylvania, Ohio, and Iowa.

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