Connor Clark & Lunn Investment Management Ltd. Acquires 98 Shares of Biglari Holdings Inc. (NYSE:BH)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,887 shares of the restaurant operator’s stock after acquiring an additional 98 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.52% of Biglari worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BH. Peapod Lane Capital LLC bought a new position in Biglari in the 4th quarter worth $3,705,000. Allspring Global Investments Holdings LLC bought a new position in Biglari in the fourth quarter worth about $680,000. Bailard Inc. purchased a new stake in Biglari in the fourth quarter worth about $307,000. Barclays PLC lifted its holdings in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after buying an additional 869 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Biglari during the 4th quarter worth approximately $115,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut Biglari from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th.

Biglari Stock Performance

Shares of BH stock opened at $211.92 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $229.10 and its 200-day moving average price is $208.56. The stock has a market cap of $482.33 million, a PE ratio of 1.20 and a beta of 0.69. Biglari Holdings Inc. has a 12 month low of $159.69 and a 12 month high of $271.35.

Biglari (NYSE:BH) last announced its quarterly earnings data on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The business had revenue of $91.12 million during the quarter.

About Biglari

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.