Parametric Portfolio Associates LLC raised its stake in Biglari Holdings Inc. (NYSE:BH) by 58.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,757 shares of the restaurant operator’s stock after acquiring an additional 1,381 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.18% of Biglari Holdings worth $1,502,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BH. Principal Financial Group Inc. boosted its stake in Biglari Holdings by 3.6% in the first quarter. Principal Financial Group Inc. now owns 7,698 shares of the restaurant operator’s stock valued at $3,325,000 after acquiring an additional 271 shares during the last quarter. Teachers Advisors LLC boosted its stake in Biglari Holdings by 3.3% in the first quarter. Teachers Advisors LLC now owns 2,123 shares of the restaurant operator’s stock valued at $917,000 after acquiring an additional 67 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Biglari Holdings by 5.6% in the first quarter. Thrivent Financial For Lutherans now owns 568 shares of the restaurant operator’s stock valued at $245,000 after acquiring an additional 30 shares during the last quarter. Vanguard Group Inc. boosted its stake in Biglari Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 91,146 shares of the restaurant operator’s stock valued at $39,374,000 after acquiring an additional 4,530 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Biglari Holdings by 2.0% in the first quarter. Geode Capital Management LLC now owns 8,809 shares of the restaurant operator’s stock valued at $3,805,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.
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In other Biglari Holdings news, Director Sardar Biglari purchased 1,335 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were bought at an average cost of $334.76 per share, for a total transaction of $446,904.60. Following the purchase, the director now owns 1 shares of the company’s stock, valued at approximately $334.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 3,832 shares of company stock worth $1,281,042 over the last 90 days. 51.20% of the stock is currently owned by corporate insiders.
Biglari Holdings Inc. (NYSE BH) opened at $347.58 on Tuesday. The firm has a market cap of $723.66, a PE ratio of 8.27 and a beta of 0.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.79. Biglari Holdings Inc. has a 52 week low of $290.05 and a 52 week high of $491.74.
Separately, TheStreet cut shares of Biglari Holdings from a “c” rating to a “d+” rating in a research note on Monday, November 6th.
Biglari Holdings Company 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).
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