First Trust Advisors LP Trims Position in Biglari Holdings Inc. (BH)

First Trust Advisors LP lessened its stake in Biglari Holdings Inc. (NYSE:BH) by 41.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,794 shares of the restaurant operator’s stock after selling 2,013 shares during the period. First Trust Advisors LP owned about 0.14% of Biglari worth $931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Biglari by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 840 shares of the restaurant operator’s stock worth $335,000 after purchasing an additional 10 shares during the period. State Street Corp lifted its stake in Biglari by 2.8% during the second quarter. State Street Corp now owns 26,047 shares of the restaurant operator’s stock worth $10,413,000 after purchasing an additional 720 shares during the period. Janus Henderson Group PLC bought a new position in Biglari during the second quarter worth about $42,364,000. People s United Financial Inc. lifted its stake in Biglari by 24.1% during the second quarter. People s United Financial Inc. now owns 3,553 shares of the restaurant operator’s stock worth $1,420,000 after purchasing an additional 689 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Biglari by 11.3% during the second quarter. Voya Investment Management LLC now owns 736 shares of the restaurant operator’s stock worth $294,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 87.90% of the company’s stock.

Separately, TheStreet cut shares of Biglari from a “c” rating to a “d+” rating in a research note on Monday, November 6th.

Shares of Biglari Holdings Inc. (BH) traded up $6.78 on Wednesday, reaching $368.41. 11,800 shares of the company’s stock were exchanged, compared to its average volume of 5,463. The company has a market capitalization of $747.71, a PE ratio of 8.55 and a beta of 0.37. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. Biglari Holdings Inc. has a 1 year low of $290.05 and a 1 year high of $491.74.

In other Biglari news, Director Sardar Biglari purchased 211 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was purchased at an average price of $333.84 per share, for a total transaction of $70,440.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 8,422 shares of company stock valued at $2,812,661. Corporate insiders own 51.20% of the company’s stock.

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Biglari Profile

Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).

Institutional Ownership by Quarter for Biglari (NYSE:BH)

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