Charles Schwab Investment Management Inc. Buys 6,641 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Charles Schwab Investment Management Inc. increased its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 448,578 shares of the company’s stock after buying an additional 6,641 shares during the period. Charles Schwab Investment Management Inc. owned 0.54% of Accel Entertainment worth $4,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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. purchased a new position in Accel Entertainment during the 3rd quarter valued at about $64,000. Quantbot Technologies LP purchased a new stake in shares of Accel Entertainment in the 3rd quarter worth approximately $78,000. R Squared Ltd bought a new position in shares of Accel Entertainment during the fourth quarter valued at approximately $91,000. Finally, EP Wealth Advisors LLC purchased a new position in Accel Entertainment during the third quarter valued at approximately $146,000. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Macquarie boosted their price target on Accel Entertainment from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th.

Insider Buying and Selling at Accel Entertainment

In other news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $10.61, for a total transaction of $265,250.00. Following the transaction, the director now owns 348,135 shares in the company, valued at $3,693,712.35. This represents a 6.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.17% of the stock is owned by insiders.

Accel Entertainment Stock Down 0.4 %

Shares of Accel Entertainment stock opened at $10.13 on Wednesday. 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 company has a market cap of $866.73 million, a P/E ratio of 19.86 and a beta of 1.54. The firm’s 50 day moving average price is $11.04 and its 200-day moving average price is $11.24. Accel Entertainment, Inc. has a 52-week low of $9.37 and a 52-week high of $12.96.

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.