Acuitas Investments LLC Has $2.38 Million Position in Biglari Holdings Inc. (NYSE:BH)

Acuitas Investments LLC boosted its holdings in shares of Biglari Holdings Inc. (NYSE:BH) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,455 shares of the restaurant operator’s stock after buying an additional 144 shares during the period. Acuitas Investments LLC’s holdings in Biglari were worth $2,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC lifted its holdings in shares of Biglari by 43.2% during the third quarter. Los Angeles Capital Management LLC now owns 5,566 shares of the restaurant operator’s stock valued at $924,000 after acquiring an additional 1,680 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Biglari by 5.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,076 shares of the restaurant operator’s stock valued at $677,000 after acquiring an additional 202 shares during the period. Strs Ohio lifted its holdings in shares of Biglari by 7.1% during the third quarter. Strs Ohio now owns 3,000 shares of the restaurant operator’s stock valued at $498,000 after acquiring an additional 200 shares during the period. Rathbones Group PLC bought a new position in shares of Biglari during the third quarter valued at $382,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Biglari by 17.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,184 shares of the restaurant operator’s stock valued at $363,000 after acquiring an additional 318 shares during the period. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 28th. TheStreet raised Biglari from a “c” rating to a “b-” rating in a report on Tuesday, February 27th.

Insider Buying and Selling

In related news, CEO Sardar Biglari purchased 1,698 shares of Biglari stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $180.61 per share, for a total transaction of $306,675.78. Following the transaction, the chief executive officer now directly owns 1,267,503 shares in the company, valued at $228,923,716.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 10,574 shares of company stock worth $2,392,064 in the last 90 days. Corporate insiders own 71.40% of the company’s stock.

Biglari Price Performance

NYSE BH traded down $1.77 on Wednesday, hitting $200.19. 2,277 shares of the company were exchanged, compared to its average volume of 2,550. The firm has a 50 day moving average of $186.55 and a two-hundred day moving average of $165.99. The company has a market cap of $456.43 million, a P/E ratio of 1.07 and a beta of 0.81. The company has a current ratio of 1.37, a quick ratio of 1.35 and a debt-to-equity ratio of 0.14. Biglari Holdings Inc. has a 1-year low of $137.01 and a 1-year high of $218.50.

Biglari (NYSE:BH) last issued its quarterly earnings results on Saturday, February 24th. The restaurant operator reported $154.05 earnings per share (EPS) for the quarter. The business had revenue of $90.67 million for the quarter. Biglari had a net margin of 15.04% and a return on equity of 9.18%.

Biglari Profile

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.