Cubist Systematic Strategies LLC Buys 19,736 Shares of Accel Entertainment, Inc. (NYSE:ACEL)

Cubist Systematic Strategies LLC lifted its stake in Accel Entertainment, Inc. (NYSE:ACEL) by 29.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,004 shares of the company’s stock after buying an additional 19,736 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Accel Entertainment were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in Accel Entertainment by 34.6% during the 3rd quarter. Barclays PLC now owns 224,241 shares of the company’s stock valued at $2,606,000 after purchasing an additional 57,666 shares during the period. JPMorgan Chase & Co. raised its stake in Accel Entertainment by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 284,309 shares of the company’s stock valued at $3,304,000 after purchasing an additional 3,355 shares during the period. SG Americas Securities LLC raised its stake in Accel Entertainment by 34.8% during the 4th quarter. SG Americas Securities LLC now owns 39,525 shares of the company’s stock valued at $422,000 after purchasing an additional 10,194 shares during the period. R Squared Ltd bought a new stake in Accel Entertainment during the 4th quarter valued at approximately $91,000. Finally, Legato Capital Management LLC grew its holdings in Accel Entertainment by 33.4% during the 4th quarter. Legato Capital Management LLC now owns 16,842 shares of the company’s stock valued at $180,000 after buying an additional 4,219 shares in the last quarter. Institutional investors own 55.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ACEL shares. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Accel Entertainment in a report on Tuesday, May 6th. Northland Securities raised their price target on Accel Entertainment to $15.00 and gave the company a “buy” rating in a report on Thursday, May 1st.

Accel Entertainment Stock Performance

NYSE ACEL opened at $11.68 on Thursday. The stock has a market capitalization of $988.61 million, a PE ratio of 22.90 and a beta of 1.22. The business has a 50 day simple moving average of $10.57 and a two-hundred day simple moving average of $11.06. 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 1-year low of $9.02 and a 1-year high of $12.96.

Insider Buying and Selling at Accel Entertainment

In other news, insider Derek Harmer sold 5,000 shares of Accel Entertainment stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $10.00, for a total value of $50,000.00. Following the completion of the transaction, the insider now owns 216,575 shares in the company, valued at approximately $2,165,750. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the transaction, the director now owns 323,135 shares of the company’s stock, valued at approximately $3,557,716.35. This trade represents a 7.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock worth $686,500 in the last quarter. 17.90% of the stock is owned by corporate insiders.

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.