American International Group Inc. cut its position in shares of Biglari Holdings Inc. (NYSE:BH) by 16.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625 shares of the restaurant operator’s stock after selling 127 shares during the period. American International Group Inc.’s holdings in Biglari Holdings were worth $270,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Mason Street Advisors LLC raised its stake in shares of Biglari Holdings by 7.2% in the first quarter. Mason Street Advisors LLC now owns 237 shares of the restaurant operator’s stock worth $102,000 after buying an additional 16 shares during the period. Cutler Group LP increased its stake in Biglari Holdings by 45.8% in the first quarter. Cutler Group LP now owns 541 shares of the restaurant operator’s stock worth $233,000 after buying an additional 170 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Biglari Holdings by 3.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 538 shares of the restaurant operator’s stock worth $255,000 after buying an additional 20 shares in the last quarter. State of Tennessee Treasury Department increased its stake in Biglari Holdings by 18.3% in the first quarter. State of Tennessee Treasury Department now owns 970 shares of the restaurant operator’s stock worth $419,000 after buying an additional 150 shares in the last quarter. Finally, Comerica Bank increased its stake in Biglari Holdings by 3.7% in the first quarter. Comerica Bank now owns 954 shares of the restaurant operator’s stock worth $423,000 after buying an additional 34 shares in the last quarter. Institutional investors own 91.07% of the company’s stock.
Biglari Holdings Inc. (NYSE BH) traded down 0.55% during mid-day trading on Friday, hitting $302.87. The company had a trading volume of 6,953 shares. Biglari Holdings Inc. has a 12-month low of $300.21 and a 12-month high of $491.74. The firm has a market capitalization of $626.03 million, a PE ratio of 23.03 and a beta of 0.32. The company’s 50 day moving average price is $368.48 and its 200-day moving average price is $404.47.
Biglari Holdings (NYSE:BH) last announced its earnings results on Friday, August 4th. The restaurant operator reported $17.17 EPS for the quarter, beating the Zacks’ 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 during the quarter. On average, analysts forecast that Biglari Holdings Inc. will post ($2.07) EPS for the current fiscal year.
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Separately, TheStreet raised Biglari Holdings from a “d+” rating to a “c-” rating in a research report on Monday, July 3rd.
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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