Accel Entertainment’s (ACEL) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Accel Entertainment (NYSE:ACEL) in a report issued on Wednesday morning,Weiss Ratings reports.

ACEL has been the subject of several other research reports. Wall Street Zen upgraded shares of Accel Entertainment from a “buy” rating to a “strong-buy” rating in a report on Monday, September 29th. Zacks Research lowered shares of Accel Entertainment from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Accel Entertainment currently has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Accel Entertainment Stock Down 2.4%

Accel Entertainment stock opened at $10.14 on Wednesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 2.56 and a current ratio of 2.64. Accel Entertainment has a 52-week low of $9.02 and a 52-week high of $13.27. The firm has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $11.33. The firm has a market cap of $854.70 million, a price-to-earnings ratio of 25.35 and a beta of 1.09.

Insider Transactions at Accel Entertainment

In related news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, September 15th. The shares were sold at an average price of $11.11, for a total value of $277,750.00. Following the completion of the sale, the director owned 248,135 shares of the company’s stock, valued at approximately $2,756,779.85. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 75,000 shares of company stock valued at $857,500. Company insiders own 18.33% of the company’s stock.

Hedge Funds Weigh In On Accel Entertainment

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in Accel Entertainment by 456.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,618 shares of the company’s stock valued at $66,000 after acquiring an additional 4,608 shares in the last quarter. State of Wyoming lifted its stake in Accel Entertainment by 236.6% during the 2nd quarter. State of Wyoming now owns 54,148 shares of the company’s stock valued at $637,000 after acquiring an additional 38,063 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Accel Entertainment by 195.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,099 shares of the company’s stock valued at $84,000 after acquiring an additional 4,700 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Accel Entertainment by 5.1% during the 2nd quarter. Lazard Asset Management LLC now owns 220,318 shares of the company’s stock valued at $2,593,000 after acquiring an additional 10,772 shares in the last quarter. Finally, Hill Path Capital LP bought a new position in Accel Entertainment during the 2nd quarter valued at $32,828,000. 55.39% of the stock is currently owned by institutional investors.

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.