Dimensional Fund Advisors LP increased its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 21.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,605 shares of the restaurant operator’s stock after buying an additional 4,374 shares during the quarter. Dimensional Fund Advisors LP owned 1.19% of Biglari Holdings worth $9,836,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BH. BNP Paribas Arbitrage SA lifted its position in shares of Biglari Holdings by 55.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 322 shares of the restaurant operator’s stock worth $129,000 after buying an additional 115 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of Biglari Holdings by 15.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 450 shares of the restaurant operator’s stock worth $180,000 after buying an additional 60 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Biglari Holdings by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 488 shares of the restaurant operator’s stock worth $211,000 after buying an additional 68 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Biglari Holdings by 4.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of Biglari Holdings by 7.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 608 shares of the restaurant operator’s stock worth $243,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 88.15% of the company’s stock.
Biglari Holdings Inc. (NYSE BH) opened at $343.43 on Friday. 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. The stock has a market capitalization of $700.92, a price-to-earnings ratio of 8.25 and a beta of 0.39.
In other Biglari Holdings news, Director Sardar Biglari acquired 1,335 shares of the business’s stock in a transaction on Monday, October 9th. The stock was purchased at an average price of $334.76 per share, for a total transaction of $446,904.60. Following the transaction, the director now owns 1 shares in the company, valued at approximately $334.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 3,832 shares of company stock valued at $1,281,042. Corporate insiders own 51.20% of the company’s stock.
Separately, TheStreet downgraded Biglari Holdings from a “c” rating to a “d+” rating in a research report on Monday, November 6th.
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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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