Arizona State Retirement System maintained its stake in shares of Biglari Holdings Inc. (NYSE:BH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the restaurant operator’s stock at the end of the first quarter. Arizona State Retirement System’s holdings in Biglari Holdings were worth $216,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Biglari Holdings during the fourth quarter valued at about $595,000. Comerica Bank raised its position in Biglari Holdings by 6.7% in the fourth quarter. Comerica Bank now owns 920 shares of the restaurant operator’s stock valued at $440,000 after buying an additional 58 shares during the last quarter. State Street Corp raised its position in Biglari Holdings by 2.5% in the fourth quarter. State Street Corp now owns 24,514 shares of the restaurant operator’s stock valued at $11,599,000 after buying an additional 607 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Biglari Holdings by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,659 shares of the restaurant operator’s stock valued at $7,884,000 after buying an additional 1,718 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Biglari Holdings by 165.1% in the fourth quarter. Renaissance Technologies LLC now owns 6,070 shares of the restaurant operator’s stock valued at $2,872,000 after buying an additional 3,780 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.
Biglari Holdings Inc. (BH) opened at 389.75 on Tuesday. Biglari Holdings Inc. has a 12-month low of $373.01 and a 12-month high of $491.74. The stock has a market cap of $805.61 million, a P/E ratio of 14.66 and a beta of 0.33. The company has a 50 day moving average of $398.64 and a 200-day moving average of $430.56.
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Separately, TheStreet upgraded shares of Biglari Holdings from a “d+” rating to a “c-” rating in a research note on Monday, July 3rd.
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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