Cutler Group LP lowered its stake in Biglari Holdings Inc. (NYSE:BH) by 39.3% during the third quarter, Holdings Channel reports. The firm owned 340 shares of the company’s stock after selling 220 shares during the period. Cutler Group LP’s holdings in Biglari Holdings were worth $148,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Gabelli Funds LLC increased its stake in shares of Biglari Holdings by 2.0% in the second quarter. Gabelli Funds LLC now owns 23,219 shares of the company’s stock worth $9,365,000 after buying an additional 458 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Biglari Holdings by 49.9% in the first quarter. Prudential Financial Inc. now owns 5,524 shares of the company’s stock worth $2,053,000 after buying an additional 1,840 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Biglari Holdings by 77.9% in the second quarter. Victory Capital Management Inc. now owns 265 shares of the company’s stock worth $107,000 after buying an additional 116 shares during the last quarter. Boston Partners purchased a new stake in shares of Biglari Holdings during the second quarter worth approximately $1,891,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Biglari Holdings during the second quarter worth approximately $276,000. Institutional investors and hedge funds own 87.43% of the company’s stock.
Shares of Biglari Holdings Inc. (NYSE:BH) traded down 1.14% on Tuesday, reaching $434.50. 697 shares of the company’s stock were exchanged. The company has a market capitalization of $897.68 million, a P/E ratio of 8.61 and a beta of 0.58. The stock’s 50-day moving average price is $439.92 and its 200-day moving average price is $406.59. Biglari Holdings Inc. has a 1-year low of $321.00 and a 1-year high of $460.00.
Biglari Holdings (NYSE:BH) last released its earnings results on Friday, August 5th. The company reported $3.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by $0.63. Biglari Holdings had a return on equity of 12.85% and a net margin of 7.30%. Analysts anticipate that Biglari Holdings Inc. will post $11.00 EPS for the current fiscal year.
In related news, Director Sardar Biglari bought 263 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $398.47 per share, with a total value of $104,797.61. Following the transaction, the director now owns 1 shares of the company’s stock, valued at $398.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 50.70% of the stock is currently owned by insiders.
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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