Los Angeles Capital Management LLC Cuts Stock Holdings in Biglari Holdings Inc. (NYSE:BH)

Los Angeles Capital Management LLC trimmed its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 11.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,918 shares of the restaurant operator’s stock after selling 500 shares during the period. Los Angeles Capital Management LLC owned 0.17% of Biglari worth $996,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after buying an additional 869 shares in the last quarter. Peapod Lane Capital LLC purchased a new position in shares of Biglari in the 4th quarter worth $3,705,000. SG Americas Securities LLC bought a new stake in shares of Biglari in the 4th quarter worth about $115,000. JPMorgan Chase & Co. lifted its holdings in shares of Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 277 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Biglari in the 4th quarter worth about $680,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Biglari

In related news, CEO Sardar Biglari acquired 817 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $366.99 per share, for a total transaction of $299,830.83. Following the acquisition, the chief executive officer now directly owns 1,319,993 shares of the company’s stock, valued at $484,424,231.07. This represents a 0.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders bought 3,512 shares of company stock worth $1,281,128. 71.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th.

Biglari Price Performance

Biglari stock opened at $243.00 on Friday. The firm has a 50-day moving average price of $237.53 and a 200-day moving average price of $205.19. The firm has a market capitalization of $553.06 million, a PE ratio of 1.38 and a beta of 0.71. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari Holdings Inc. has a 12-month low of $159.69 and a 12-month high of $271.35.

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.