Fenimore Asset Management Inc. cut its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,495 shares of the company’s stock after selling 130 shares during the period. Fenimore Asset Management Inc.’s holdings in Biglari Holdings were worth $12,424,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Cutler Group LP increased its stake 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. Guggenheim Capital LLC increased its stake in Biglari Holdings by 1.3% in the second quarter. Guggenheim Capital LLC now owns 2,368 shares of the company’s stock worth $955,000 after buying an additional 30 shares during the period. Parametric Portfolio Associates LLC increased its stake in Biglari Holdings by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 2,505 shares of the company’s stock worth $1,010,000 after buying an additional 33 shares during the period. BNP Paribas Arbitrage SA increased its stake in Biglari Holdings by 14.4% in the second quarter. BNP Paribas Arbitrage SA now owns 326 shares of the company’s stock worth $131,000 after buying an additional 41 shares during the period. Finally, BlackRock Group LTD increased its stake in Biglari Holdings by 4.8% in the second quarter. BlackRock Group LTD now owns 1,546 shares of the company’s stock worth $624,000 after buying an additional 71 shares during the period. Institutional investors own 87.43% of the company’s stock.
Shares of Biglari Holdings Inc. (NYSE:BH) opened at 447.97 on Thursday. Biglari Holdings Inc. has a 12-month low of $321.00 and a 12-month high of $460.00. The stock has a market cap of $925.51 million, a P/E ratio of 8.88 and a beta of 0.58. The company’s 50-day moving average is $439.22 and its 200-day moving average is $407.10.
Biglari Holdings (NYSE:BH) last issued its quarterly earnings data on Friday, August 5th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.76 by $0.63. Biglari Holdings had a net margin of 7.30% and a return on equity of 12.85%. On average, equities research analysts anticipate that Biglari Holdings Inc. will post $11.00 earnings per share for the current year.
In related news, Director Sardar Biglari acquired 263 shares of Biglari Holdings stock in a transaction on Monday, August 8th. The shares were acquired at an average cost of $398.47 per share, with a total value of $104,797.61. Following the transaction, the director now owns 1 shares in the company, valued at $398.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 50.70% of the company’s stock.
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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