Accel Entertainment, Inc. (NYSE:ACEL) Brief Interest Update

Accel Entertainment, Inc. (NYSE:ACEL – Get Rating) saw a significant drop in short interest in October. As of October 31, short interest totaled 2,180,000 shares, down 6.4% from the October 15 total of 2,330,000 shares. Based on an average daily volume of 276,100 shares, the short interest ratio is currently 7.9 days. Currently, 3.6% of the company’s shares are shorted.

Institutional trading by Accel Entertainment

A number of major investors recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can acquired a new position in shares of Accel Entertainment worth approximately $25,000 during the third quarter. UBS Group AG increased its stake in Accel Entertainment shares by 28,100.0% in the third quarter. UBS Group AG now owns 3,666 shares of the company, valued at $29,000, after buying another 3,653 shares last quarter. Tower Research Capital LLC TRC increased its stake in Accel Entertainment by 111.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,907 shares of the company’s stock valued at $31,000 after purchasing an additional 2,063 shares last quarter. The New York State Teachers Retirement System increased its stake in Accel Entertainment by 2,400.0% in the second quarter. The New York State Teachers Retirement System now owns 5,000 shares of the company, valued at $53,000, after purchasing an additional 4,800 shares last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Accel Entertainment worth approximately $58,000 during the first quarter. Hedge funds and other institutional investors own 46.80% of the company’s shares.

Accel Entertainment stock performance

NYSE ACEL opened at $8.80 on Thursday. Accel Entertainment has a 52-week low of $7.65 and a 52-week high of $14.04. The company has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $10.06. The company has a debt to equity ratio of 2.75, a quick ratio of 2.99 and a current ratio of 3.06. The company has a market cap of $810.04 million, a P/E of 12.05 and a beta of 1.22.

Accel Entertainment (NYSE:ACEL – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The company reported earnings per share (EPS) of $0.21 for the quarter, falling short of analyst consensus estimates of $0.23 ($0.02). Accel Entertainment had a return on equity of 43.85% and a net margin of 7.64%. The company had revenue of $266.97 million for the quarter, compared to analysts’ expectations of $269.83 million. On average, research analysts are forecasting that Accel Entertainment will post 0.86 EPS for the year to date.

Wall Street analyst ponders

Separately, Macquarie lowered its price target on shares of Accel Entertainment from $14.00 to $13.00 and gave the stock a “Outperform” rating in a research report on Wednesday, November 9th.

Accel Entertainment Company Profile

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Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming provider in the United States. It is involved in the installation, maintenance and operation of gaming terminals; redemption devices that pay out winnings and include automatic teller machine (ATM) functionality; and other amusement devices at authorized non-casino locations such as restaurants, bars, taverns, grocery stores, liquor stores, truck stops, and grocery stores.

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