Barclays PLC Raises Position in Biglari Holdings Inc. (NYSE:BH)

Barclays PLC grew its position in Biglari Holdings Inc. (NYSE:BH) by 78.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,974 shares of the restaurant operator’s stock after buying an additional 869 shares during the period. Barclays PLC owned approximately 0.09% of Biglari worth $340,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BH. Bank of New York Mellon Corp raised its holdings in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after buying an additional 130 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after purchasing an additional 88 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Biglari by 4.6% during the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after purchasing an additional 402 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 24th.

Insider Activity

In other Biglari news, CEO Sardar Biglari bought 4,663 shares of Biglari stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the acquisition, the chief executive officer now owns 1,292,670 shares in the company, valued at approximately $424,616,241.60. This represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 21,977 shares of company stock valued at $6,342,966 over the last three months. Insiders own 71.40% of the company’s stock.

Biglari Stock Up 3.1 %

BH opened at $257.76 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $218.28 and a 200-day moving average price of $193.33. Biglari Holdings Inc. has a twelve month low of $145.95 and a twelve month high of $271.35. The stock has a market capitalization of $586.66 million, a price-to-earnings ratio of 1.46 and a beta of 0.81.

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.