Public Employees Retirement Association of Colorado trimmed its stake in Biglari Holdings Inc. (NYSE:BH) by 32.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 532 shares of the restaurant operator’s stock after selling 258 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Biglari Holdings were worth $177,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Biglari Holdings by 55.6% during the second quarter. BNP Paribas Arbitrage SA now owns 322 shares of the restaurant operator’s stock valued at $129,000 after buying an additional 115 shares in the last quarter. First Manhattan Co. acquired a new position in shares of Biglari Holdings during the third quarter worth $116,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Biglari Holdings by 15.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 450 shares of the restaurant operator’s stock worth $180,000 after purchasing an additional 60 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Biglari Holdings by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 488 shares of the restaurant operator’s stock worth $211,000 after purchasing an additional 68 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Biglari Holdings by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.
Separately, TheStreet lowered shares of Biglari Holdings from a “c” rating to a “d+” rating in a research note on Monday, November 6th.
In other news, Director Sardar Biglari purchased 700 shares of the stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $334.50 per share, for a total transaction of $234,150.00. Following the completion of the transaction, the director now owns 1 shares of the company’s stock, valued at $334.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 3,832 shares of company stock valued at $1,281,042 in the last 90 days. Insiders own 51.20% of the company’s stock.
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Biglari Holdings Inc. (NYSE BH) opened at $343.79 on Thursday. The company has a market cap of $721.60, a PE ratio of 8.25 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. Biglari Holdings Inc. has a 12-month low of $290.05 and a 12-month high of $491.74.
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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