Acadian Asset Management LLC trimmed its holdings in shares of Biglari Holdings Inc. (NYSE:BH – Free Report) by 63.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 587 shares of the restaurant operator’s stock after selling 1,033 shares during the period. Acadian Asset Management LLC’s holdings in Biglari were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of BH. Los Angeles Capital Management LLC grew its stake in Biglari by 5.4% in the second quarter. Los Angeles Capital Management LLC now owns 3,886 shares of the restaurant operator’s stock valued at $766,000 after purchasing an additional 200 shares in the last quarter. EA Series Trust acquired a new position in Biglari in the 2nd quarter valued at approximately $1,301,000. Janney Montgomery Scott LLC raised its holdings in Biglari by 8.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,866 shares of the restaurant operator’s stock valued at $368,000 after acquiring an additional 141 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Biglari by 77.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,098 shares of the restaurant operator’s stock valued at $414,000 after acquiring an additional 913 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Biglari by 31.8% in the 1st quarter. JPMorgan Chase & Co. now owns 787 shares of the restaurant operator’s stock valued at $133,000 after acquiring an additional 190 shares in the last quarter. 73.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. StockNews.com cut Biglari from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. TheStreet cut Biglari from a “b-” rating to a “c” rating in a report on Friday, November 3rd.
Biglari Price Performance
NYSE BH opened at $144.50 on Tuesday. The firm has a market cap of $328.88 million, a PE ratio of 2.18 and a beta of 0.79. Biglari Holdings Inc. has a one year low of $135.24 and a one year high of $218.50. The stock’s 50 day simple moving average is $155.89 and its 200 day simple moving average is $181.32.
Biglari Company Profile
Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.
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