Prudential Financial Inc. reduced its position in shares of Biglari Holdings Inc. (NYSE:BH) by 18.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,904 shares of the restaurant operator’s stock after selling 1,540 shares during the period. Prudential Financial Inc. owned approximately 0.33% of Biglari worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BH. First Manhattan Co. acquired a new position in shares of Biglari during the third quarter worth $116,000. BNP Paribas Arbitrage SA increased its holdings in shares of Biglari by 55.6% during the second quarter. BNP Paribas Arbitrage SA now owns 322 shares of the restaurant operator’s stock worth $129,000 after buying an additional 115 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Biglari 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 buying an additional 60 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Biglari 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 buying an additional 68 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Biglari by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 553 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

Biglari Holdings Inc. (NYSE:BH) opened at $361.63 on Tuesday. The stock has a market cap of $698.40, a price-to-earnings ratio of 7.98 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.85. Biglari Holdings Inc. has a 1-year low of $290.05 and a 1-year high of $491.74.

In other Biglari news, Director Sardar Biglari acquired 211 shares of Biglari stock in a transaction that occurred on Tuesday, October 3rd. The shares were bought at an average price of $333.84 per share, with a total value of $70,440.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 8,422 shares of company stock valued at $2,812,661 over the last quarter. Company insiders own 51.20% of the company’s stock.

Separately, TheStreet downgraded shares of Biglari from a “c” rating to a “d+” rating in a report on Monday, November 6th.

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Biglari Profile

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).

Institutional Ownership by Quarter for Biglari (NYSE:BH)

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