SG Americas Securities LLC Makes New $115,000 Investment in Biglari Holdings Inc. (NYSE:BH)

SG Americas Securities LLC purchased a new position in shares of Biglari Holdings Inc. (NYSE:BH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 454 shares of the restaurant operator’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Biglari by 48.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 277 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Biglari by 17.0% in the 4th quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after buying an additional 204 shares during the period. Barclays PLC lifted its holdings in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock valued at $340,000 after buying an additional 869 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Biglari by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Stock Performance

Shares of BH stock opened at $240.23 on Wednesday. The stock has a market cap of $547.72 million, a PE ratio of 1.36 and a beta of 0.71. The business has a 50-day simple moving average of $235.92 and a 200-day simple moving average of $200.47. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a 52-week low of $145.95 and a 52-week high of $271.35.

Insider Activity

In other Biglari news, CEO Sardar Biglari purchased 5,145 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $240.96 per share, for a total transaction of $1,239,739.20. Following the purchase, the chief executive officer now directly owns 1,302,770 shares in the company, valued at approximately $313,915,459.20. This trade represents a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 16,983 shares of company stock valued at $5,107,800 in the last quarter. 71.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut Biglari from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th.

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.