Marquette Asset Management LLC Cuts Stake in Biglari Holdings Inc. (NYSE:BH)

Marquette Asset Management LLC lessened its holdings in shares of Biglari Holdings Inc. (NYSE:BH) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,116 shares of the restaurant operator’s stock after selling 208 shares during the period. Marquette Asset Management LLC owned approximately 0.09% of Biglari worth $364,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in Biglari by 5.5% during the 1st quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after purchasing an additional 125 shares during the last quarter. Innealta Capital LLC purchased a new stake in Biglari during the 2nd quarter valued at about $25,000. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $764,000 after purchasing an additional 130 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Biglari by 81.6% in the first quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock worth $68,000 after purchasing an additional 160 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock worth $296,000 after buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Biglari Trading Down 0.1 %

Shares of BH stock opened at $168.09 on Wednesday. Biglari Holdings Inc. has a 1-year low of $137.01 and a 1-year high of $219.00. The company has a market cap of $382.57 million, a price-to-earnings ratio of 3.76 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.40. The stock has a 50 day simple moving average of $175.66 and a 200-day simple moving average of $188.21.

Biglari (NYSE:BH) last released its earnings results on Friday, August 9th. The restaurant operator reported ($12.87) EPS for the quarter. Biglari had a positive return on equity of 1.21% and a negative net margin of 10.35%. The company had revenue of $91.14 million for the quarter.

Insider Buying and Selling at Biglari

In other Biglari news, major shareholder Sardar Biglari purchased 21,325 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $13.13 per share, for a total transaction of $279,997.25. Following the completion of the transaction, the insider now owns 159,241 shares of the company’s stock, valued at $2,090,834.33. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 189,177 shares of company stock worth $2,483,158. Corporate insiders own 71.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Biglari from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

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.