First Trust Advisors LP decreased its holdings 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 quarter. First Trust Advisors LP owned 0.14% of Biglari worth $931,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of BH. Texas Permanent School Fund lifted its stake in Biglari by 0.7% in the second quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock worth $295,000 after acquiring an additional 5 shares during the last quarter. Citigroup Inc. lifted its stake in Biglari by 40.1% in the second quarter. Citigroup Inc. now owns 1,533 shares of the restaurant operator’s stock worth $613,000 after acquiring an additional 439 shares during the last quarter. State Street Corp raised its holdings 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 in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Biglari by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,836 shares of the restaurant operator’s stock worth $1,658,000 after purchasing an additional 171 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Biglari during the second quarter worth approximately $42,364,000. 87.90% of the stock is owned by institutional investors and hedge funds.
In other Biglari news, Director Sardar Biglari bought 2,072 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average cost of $332.94 per share, with a total value of $689,851.68. Following the acquisition, the director now directly owns 1 shares of the company’s stock, valued at approximately $332.94. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 15,096 shares of company stock worth $5,370,305 over the last ninety days. Corporate insiders own 51.20% of the company’s stock.
Shares of Biglari Holdings Inc. (BH) traded up $5.94 during trading on Friday, hitting $403.20. 14,700 shares of the stock were exchanged, compared to its average volume of 5,565. The firm has a market cap of $821.38, a PE ratio of 9.39 and a beta of 0.37. Biglari Holdings Inc. has a fifty-two week low of $290.05 and a fifty-two week high of $491.74. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.
Separately, TheStreet cut shares of Biglari from a “c” rating to a “d+” rating in a report on Monday, November 6th.
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).
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