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

UBS Group AG grew its position in Accel Entertainment, Inc. (NYSE:ACEL) by 71.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 200,736 shares of the company’s stock after buying an additional 83,725 shares during the period. UBS Group AG’s holdings in Accel Entertainment were worth $2,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ACEL. CIBC Bancorp USA Inc. bought a new position in shares of Accel Entertainment in the 3rd quarter valued at about $4,368,000. Millennium Management LLC grew its position in shares of Accel Entertainment by 252.5% in the 1st quarter. Millennium Management LLC now owns 502,521 shares of the company’s stock valued at $4,985,000 after acquiring an additional 359,948 shares during the period. Visualize Group LP bought a new position in shares of Accel Entertainment in the 3rd quarter valued at about $2,280,000. Arrowstreet Capital Limited Partnership grew its position in shares of Accel Entertainment by 60.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 391,350 shares of the company’s stock valued at $4,606,000 after acquiring an additional 147,653 shares during the period. Finally, Algert Global LLC grew its position in shares of Accel Entertainment by 68.1% in the 3rd quarter. Algert Global LLC now owns 325,335 shares of the company’s stock valued at $3,601,000 after acquiring an additional 131,810 shares during the period. Institutional investors own 55.39% of the company’s stock.

Insider Buying and Selling at Accel Entertainment

In other Accel Entertainment news, Director Bruce D. Wardinski acquired 50,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $11.55 per share, for a total transaction of $577,500.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at $577,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David W. Ruttenberg sold 10,000 shares of Accel Entertainment stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $11.53, for a total transaction of $115,300.00. The SEC filing for this sale provides additional information. Insiders have sold 898,524 shares of company stock worth $10,263,964 over the last quarter. Company insiders own 14.47% of the company’s stock.

Accel Entertainment Stock Performance

Shares of ACEL stock opened at $11.97 on Thursday. The company has a market capitalization of $973.83 million, a price-to-earnings ratio of 19.94 and a beta of 1.04. The company has a debt-to-equity ratio of 2.02, a quick ratio of 2.64 and a current ratio of 2.71. The company has a 50-day simple moving average of $11.57 and a 200 day simple moving average of $11.23. Accel Entertainment, Inc. has a 52 week low of $9.55 and a 52 week high of $13.31.

Accel Entertainment (NYSE:ACEL) last announced its earnings results on Tuesday, May 5th. The company reported $0.17 EPS for the quarter, topping 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 business had revenue of $351.56 million during the quarter, compared to the consensus estimate of $342.88 million. On average, sell-side analysts predict that Accel Entertainment, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

ACEL has been the subject of several research analyst reports. Citizens Jmp lifted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 4th. Zacks Research downgraded shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Weiss Ratings downgraded shares of Accel Entertainment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Truist Financial lifted their target price on shares of Accel Entertainment from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Accel Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.67.

Accel Entertainment Profile

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.