Biglari Holdings Inc. (NYSE:BH) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in Biglari Holdings Inc. (NYSE:BH) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,418 shares of the restaurant operator’s stock after purchasing an additional 88 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Biglari were worth $760,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BH. Ritholtz Wealth Management grew its stake in shares of Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after buying an additional 441 shares during the period. Innealta Capital LLC acquired a new position in Biglari in the second quarter valued at $25,000. Bank of New York Mellon Corp grew its position in Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock valued at $764,000 after acquiring an additional 130 shares during the period. Virtu Financial LLC acquired a new stake in Biglari during the first quarter worth about $223,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Biglari by 81.6% in the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Biglari from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th.

Insider Buying and Selling

In related news, major shareholder Sardar Biglari purchased 43,161 shares of Biglari stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $13.59 per share, with a total value of $586,557.99. Following the transaction, the insider now owns 364,731 shares of the company’s stock, valued at approximately $4,956,694.29. The trade was a 13.42 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders acquired 115,147 shares of company stock valued at $4,192,375. Company insiders own 71.40% of the company’s stock.

Biglari Price Performance

Biglari stock opened at $210.01 on Friday. The firm has a fifty day moving average of $173.87 and a 200-day moving average of $184.62. Biglari Holdings Inc. has a 52-week low of $142.01 and a 52-week high of $219.00. The company has a quick ratio of 1.40, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $477.98 million, a P/E ratio of 1.19 and a beta of 0.71.

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.