American Century Investment Management Holds 5.0% Stake in Accel Ent.

TL;DR

**American Century still owns 5.0% of Accel Entertainment, good sign for the stock.**

AI Summary

American Century Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership of Accel Entertainment, Inc. Class A-1 Common Stock as of December 31, 2023. The filing indicates that American Century Investment Management, Inc. beneficially owns 4,896,897 shares, representing 5.0% of Accel Entertainment, Inc.'s outstanding Class A-1 Common Stock. This matters to investors because it shows a significant institutional investor maintains a substantial stake, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms a major institutional investor, American Century Investment Management, Inc., continues to hold a significant 5.0% stake in Accel Entertainment, Inc., which can be seen as a vote of confidence in the company's value.

Risk Assessment

Risk Level: low — This filing indicates stable institutional ownership, which generally reduces volatility and risk for a stock.

Analyst Insight

Investors should note the continued institutional ownership by American Century Investment Management, Inc. as a potential indicator of stability, but also monitor future filings for any changes in their stake, which could signal a shift in their investment thesis.

Key Numbers

• 4,896,897 — Shares Beneficially Owned (This is the total number of Class A-1 Common Stock shares of Accel Entertainment, Inc. held by American Century Investment Management, Inc.)
• 5.0% — Percentage of Class A-1 Common Stock (This represents the ownership stake American Century Investment Management, Inc. has in Accel Entertainment, Inc.)

Key Players & Entities

• American Century Investment Management, Inc. (company) — the reporting person and institutional investor
• Accel Entertainment, Inc. (company) — the subject company whose stock is being reported
• 4,896,897 (dollar_amount) — number of shares beneficially owned
• 5.0% (dollar_amount) — percentage of Class A-1 Common Stock owned
• December 31, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• American Century Investment Management, Inc. will maintain its significant stake in Accel Entertainment, Inc. for the foreseeable future. (American Century Investment Management, Inc.) — medium confidence, target: Q4 2024

FAQ

From the Filing

0000052388-24-000097.txt : 20240212 0000052388-24-000097.hdr.sgml : 20240212 20240212115444 ACCESSION NUMBER: 0000052388-24-000097 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Accel Entertainment, Inc. CENTRAL INDEX KEY: 0001698991 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 981350261 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90040 FILM NUMBER: 24618366 BUSINESS ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 BUSINESS PHONE: 630-972-2235 MAIL ADDRESS: STREET 1: 140 TOWER DRIVE CITY: BURR RIDGE STATE: IL ZIP: 60527 FORMER COMPANY: FORMER CONFORMED NAME: TPG Pace Holdings Corp. DATE OF NAME CHANGE: 20170224 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0000052388 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 440640487 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 816-531-5575 MAIL ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS RESEARCH CORP DATE OF NAME CHANGE: 19920929 SC 13G/A 1 accelentertainment13g-a1.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) * ACCEL ENTERTAINMENT, INC. (Name of Issuer) CLASS A-1 COMMON STOCK (Title of Class of Securities) 00436Q106 (CUSIP Number) DECEMBER 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X    Rule 13d-1(b) ☐     Rule 13d-1(c) ☐     Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 8 Pages CUSIP No. 00436Q106 1. Names of Reporting Persons American Century Investment Management, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 3,822,264 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   Sole Dispositive Power 3,890,693   8.   Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,890,693 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐          11. Percent of Class Represented by Amount in Row (9) 4.59% 12. Type of Reporting Person (See Instructions) IA Page 2 of 8 Pages CUSIP No. 00436Q106 1. Names of Reporting Persons American Century Companies, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 3,822,264 Number of Shares Beneficially 6.   Shared Voting Pow