California State Teachers Retirement System lowered its position in Biglari Holdings Inc. (NYSE:BH) by 38.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,163 shares of the company’s stock after selling 1,377 shares during the period. California State Teachers Retirement System owned 0.10% of Biglari Holdings worth $872,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cutler Group LP boosted 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 worth $208,000 after buying an additional 10 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake 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 worth $469,000 after buying an additional 37 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 worth $131,000 after buying an additional 41 shares during the last quarter. Check Capital Management Inc. CA bought a new stake in shares of Biglari Holdings during the second quarter worth $443,000. Finally, Prudential Financial Inc. boosted its stake in shares of Biglari Holdings by 49.9% in the first quarter. Prudential Financial Inc. now owns 5,524 shares of the company’s stock worth $2,053,000 after buying an additional 1,840 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors.
Biglari Holdings Inc. (NYSE:BH) traded down 2.53% during mid-day trading on Thursday, reaching $423.43. The company had a trading volume of 3,513 shares. The company’s 50 day moving average is $439.86 and its 200 day moving average is $402.19. The stock has a market capitalization of $874.81 million, a price-to-earnings ratio of 8.39 and a beta of 0.66. Biglari Holdings Inc. has a 52-week low of $321.00 and a 52-week high of $460.00.
Biglari Holdings (NYSE:BH) last posted its quarterly earnings data on Friday, August 5th. The company reported $3.13 EPS 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%. Equities analysts predict that Biglari Holdings Inc. will post $11.00 earnings per share for the current year.
In other news, Director Sardar Biglari bought 157 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were acquired at an average cost of $399.75 per share, with a total value of $62,760.75. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at $399.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 50.70% of the stock is owned by 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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