California Public Employees Retirement System cut its position in shares of Biglari Holdings Inc. (NYSE:BH) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 4,700 shares of the company’s stock after selling 200 shares during the period. California Public Employees Retirement System owned 0.23% of Biglari Holdings worth $1,896,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in BH. BNP Paribas Arbitrage SA boosted its position in shares of Biglari Holdings by 14.4% in the second quarter. BNP Paribas Arbitrage SA now owns 326 shares of the company’s stock valued at $131,000 after buying an additional 41 shares in the last quarter. Cutler Group LP boosted its position in shares of Biglari Holdings by 1.8% in the first quarter. Cutler Group LP now owns 560 shares of the company’s stock valued at $208,000 after buying an additional 10 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Biglari Holdings during the second quarter valued at $419,000. Check Capital Management Inc. CA bought a new position in shares of Biglari Holdings during the second quarter valued at $443,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Biglari Holdings by 3.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 1,261 shares of the company’s stock valued at $469,000 after buying an additional 37 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.
Shares of Biglari Holdings Inc. (NYSE:BH) traded up 0.57% on Friday, reaching $438.40. The company had a trading volume of 428 shares. The firm has a market capitalization of $905.73 million, a P/E ratio of 8.69 and a beta of 0.58. The company’s 50-day moving average price is $440.71 and its 200 day moving average price is $404.91. Biglari Holdings Inc. has a 52 week low of $321.00 and a 52 week high of $460.00.
Biglari Holdings (NYSE:BH) last released its quarterly earnings results on Friday, August 5th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by $0.63. Biglari Holdings had a return on equity of 12.85% and a net margin of 7.30%. On average, analysts expect that Biglari Holdings Inc. will post $11.00 EPS for the current year.
In other news, Director Sardar Biglari purchased 263 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were acquired at an average price of $398.47 per share, for a total transaction of $104,797.61. Following the acquisition, the director now directly owns 1 shares in the company, valued at approximately $398.47. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 50.70% of the stock is owned by corporate insiders.
About Biglari Holdings
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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