Swiss National Bank increased its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,977 shares of the company’s stock after buying an additional 170 shares during the period. Swiss National Bank owned about 0.10% of Biglari Holdings worth $797,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in BH. Check Capital Management Inc. CA bought a new stake in shares of Biglari Holdings during the second quarter valued at about $443,000. BNP Paribas Arbitrage SA raised 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 valued at $131,000 after buying an additional 41 shares during the period. Cutler Group LP raised 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 during the period. Renaissance Technologies LLC bought a new stake in shares of Biglari Holdings during the first quarter valued at about $810,000. Finally, Prudential Financial Inc. raised 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 valued at $2,053,000 after buying an additional 1,840 shares during the period. 87.43% of the stock is currently owned by institutional investors.
Biglari Holdings Inc. (NYSE:BH) traded up 0.93% during midday trading on Friday, reaching $439.95. 4,029 shares of the company’s stock were exchanged. The stock has a market cap of $908.94 million, a PE ratio of 8.72 and a beta of 0.58. Biglari Holdings Inc. has a 12 month low of $321.00 and a 12 month high of $460.00. The firm has a 50 day moving average of $440.30 and a 200-day moving average of $405.45.
Biglari Holdings (NYSE:BH) last released its quarterly earnings data on Friday, August 5th. The company reported $3.13 EPS for the quarter, missing the Thomson Reuters’ 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 predict that Biglari Holdings Inc. will post $11.00 earnings per share for the current year.
In other Biglari Holdings news, Director Sardar Biglari acquired 263 shares of the company’s 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 completion of the acquisition, the director now directly owns 1 shares in the company, valued at $398.47. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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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