Biglari Holdings Inc. (BH) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. decreased its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 51.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,753 shares of the restaurant operator’s stock after selling 7,021 shares during the period. Ameriprise Financial Inc. owned about 0.33% of Biglari Holdings worth $2,699,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Texas Permanent School Fund raised its stake in Biglari Holdings by 0.7% during the second quarter. Texas Permanent School Fund now owns 739 shares of the restaurant operator’s stock worth $295,000 after acquiring an additional 5 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Biglari Holdings by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,836 shares of the restaurant operator’s stock worth $1,658,000 after acquiring an additional 171 shares during the period. Bank of America Corp DE raised its stake in Biglari Holdings by 75.3% during the first quarter. Bank of America Corp DE now owns 1,877 shares of the restaurant operator’s stock worth $811,000 after acquiring an additional 806 shares during the period. Geode Capital Management LLC raised its stake in Biglari Holdings by 2.0% during the first quarter. Geode Capital Management LLC now owns 8,809 shares of the restaurant operator’s stock worth $3,805,000 after acquiring an additional 176 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Biglari Holdings by 3.6% during the first quarter. Principal Financial Group Inc. now owns 7,698 shares of the restaurant operator’s stock worth $3,325,000 after acquiring an additional 271 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet upgraded shares of Biglari Holdings from a “d+” rating to a “c-” rating in a research note on Monday, July 3rd.
In other Biglari Holdings news, Director Sardar Biglari bought 211 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were acquired at an average cost of $333.84 per share, for a total transaction of $70,440.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 1,996 shares of company stock worth $668,081. 51.20% of the stock is owned by company insiders.
Shares of Biglari Holdings Inc. (NYSE BH) opened at 350.85 on Tuesday. Biglari Holdings Inc. has a 1-year low of $290.05 and a 1-year high of $491.74. The company’s 50-day moving average is $331.07 and its 200 day moving average is $367.01. The firm has a market cap of $725.21 million, a price-to-earnings ratio of 26.68 and a beta of 0.38.
Biglari Holdings (NYSE:BH) last issued its earnings results on Friday, August 4th. The restaurant operator reported $17.17 earnings per share for the quarter, beating the consensus estimate of $2.89 by $14.28. Biglari Holdings had a net margin of 1.92% and a return on equity of 3.15%. The business had revenue of $212.95 million for the quarter. On average, equities research analysts expect that Biglari Holdings Inc. will post ($2.07) EPS for the current fiscal year.
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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