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

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Accel Entertainment, Inc. (NYSE:ACEL) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,250 shares of the company’s stock after acquiring an additional 4,256 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Accel Entertainment were worth $2,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Accel Entertainment by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company’s stock valued at $4,791,000 after buying an additional 6,641 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Accel Entertainment by 1.2% in 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. Barclays PLC increased its holdings in shares of Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company’s stock worth $2,606,000 after purchasing an additional 57,666 shares during the period. Algert Global LLC boosted its stake in shares of Accel Entertainment by 12.3% in the third quarter. Algert Global LLC now owns 177,640 shares of the company’s stock valued at $2,064,000 after buying an additional 19,400 shares during the period. Finally, AlphaQuest LLC grew its position in Accel Entertainment by 71.4% during the fourth quarter. AlphaQuest LLC now owns 42,698 shares of the company’s stock worth $456,000 after buying an additional 17,782 shares in the last quarter. Institutional investors and hedge funds own 55.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Accel Entertainment Trading Up 1.2 %

Shares of Accel Entertainment stock opened at $9.94 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. Accel Entertainment, Inc. has a 12-month low of $9.37 and a 12-month high of $12.96. The company has a market capitalization of $850.39 million, a price-to-earnings ratio of 19.49 and a beta of 1.54. The firm’s 50-day moving average price is $11.08 and its two-hundred day moving average price is $11.29.

Insider Buying and Selling

In related news, Director David W. Ruttenberg sold 25,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 335,635 shares in the company, valued at $4,145,092.25. This represents a 6.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.17% of the stock is currently owned by company insiders.

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.