Connor Clark & Lunn Investment Management Ltd. Has $2.03 Million Position in Accel Entertainment, Inc. (NYSE:ACEL)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Accel Entertainment, Inc. (NYSE:ACEL) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 190,250 shares of the company’s stock after purchasing an additional 4,256 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of Accel Entertainment worth $2,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACEL. New York State Teachers Retirement System bought a new stake in shares of Accel Entertainment in the fourth quarter valued at about $51,000. Point72 Asset Management L.P. acquired a new position in Accel Entertainment during the 3rd quarter worth approximately $64,000. Quantbot Technologies LP acquired a new position in Accel Entertainment during the 3rd quarter worth approximately $78,000. R Squared Ltd acquired a new stake in shares of Accel Entertainment in the fourth quarter valued at approximately $91,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Accel Entertainment in the third quarter worth $146,000. 55.39% of the stock is currently owned by institutional investors and hedge funds.

Accel Entertainment Stock Up 1.2 %

ACEL stock opened at $9.94 on Wednesday. Accel Entertainment, Inc. has a twelve month low of $9.37 and a twelve month high of $12.96. The company has a market cap of $850.39 million, a price-to-earnings ratio of 19.49 and a beta of 1.54. The company has a quick ratio of 2.63, a current ratio of 2.71 and a debt-to-equity ratio of 2.54. The business has a 50 day moving average price of $11.08 and a two-hundred day moving average price of $11.29.

Insider Activity at Accel Entertainment

In other Accel Entertainment news, Director David W. Ruttenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $12.35, for a total transaction of $308,750.00. Following the transaction, the director now owns 335,635 shares of the company’s stock, valued at $4,145,092.25. The trade was a 6.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Macquarie lifted their price target on shares of Accel Entertainment from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, February 28th.

About Accel Entertainment

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.