Invesco Ltd. Grows Stock Holdings in Accel Entertainment, Inc. (NYSE:ACEL)

Invesco Ltd. grew its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,261 shares of the company's stock after buying an additional 84,891 shares during the period. Invesco Ltd. owned 0.89% of Accel Entertainment worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Accel Entertainment by 70.0% in the 4th 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. Financial Counselors Inc. purchased a new stake in shares of Accel Entertainment in the fourth quarter worth about $1,866,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Accel Entertainment by 300.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 219,256 shares of the company's stock worth $2,342,000 after buying an additional 164,560 shares in the last quarter. Barclays PLC boosted its stake in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after buying an additional 57,666 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock valued at $37,015,000 after buying an additional 53,379 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 traded down $0.83 during trading hours on Wednesday, reaching $10.26. The company's stock had a trading volume of 954,686 shares, compared to its average volume of 291,055. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63. Accel Entertainment, Inc. has a one year low of $9.02 and a one year high of $12.96. The firm has a 50 day moving average price of $10.52 and a 200-day moving average price of $11.06. The stock has a market cap of $877.86 million, a P/E ratio of 20.12 and a beta of 1.35.

Insiders Place Their Bets

In other news, Director David W. Ruttenberg sold 25,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $11.01, for a total transaction of $275,250.00. Following the transaction, the director now owns 323,135 shares of the company's stock, valued at approximately $3,557,716.35. This represents a 7.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the insider now directly owns 211,575 shares of the company's stock, valued at $2,221,537.50. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock valued at $686,500 over the last ninety days. 19.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Macquarie upped their price objective on Accel Entertainment from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, February 28th.

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.