Tudor Investment Corp ET AL Invests $775,000 in Accel Entertainment, Inc. (NYSE:ACEL)

Tudor Investment Corp ET AL acquired a new position in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 72,573 shares of the company's stock, valued at approximately $775,000. Tudor Investment Corp ET AL owned approximately 0.09% of Accel Entertainment at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC grew its stake in shares of Accel Entertainment by 34.6% in the 3rd 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 period. JPMorgan Chase & Co. grew its position in Accel Entertainment by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company's stock valued at $3,304,000 after acquiring an additional 3,355 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Accel Entertainment by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock worth $4,791,000 after buying an additional 6,641 shares during the period. Arrowstreet Capital Limited Partnership boosted its position 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 buying an additional 164,560 shares during the period. Finally, Vanguard Group Inc. grew its stake in Accel Entertainment by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock worth $37,015,000 after purchasing an additional 53,379 shares in the last quarter. 55.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ACEL. Northland Securities lifted 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 reiterated an "outperform" rating and issued a $16.00 price target on shares of Accel Entertainment in a research note on Tuesday.

Accel Entertainment Stock Performance

Shares of ACEL traded up $0.02 during midday trading on Friday, reaching $11.40. 267,015 shares of the stock were exchanged, compared to its average volume of 291,884. The business's 50-day moving average price is $10.49 and its 200 day moving average price is $11.05. The company has a market capitalization of $975.40 million, a price-to-earnings ratio of 22.35 and a beta of 1.22. Accel Entertainment, Inc. has a twelve month low of $9.02 and a twelve month high of $12.96. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.71 and a quick ratio of 2.63.

Insiders Place Their Bets

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction 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 directly owns 335,635 shares in the company, valued at $4,145,092.25. This trade represents a 6.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Derek Harmer sold 5,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 216,575 shares of the company's stock, valued at $2,165,750. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,000 shares of company stock valued at $686,500. Insiders own 19.17% of the company's stock.

Accel Entertainment Company 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.