O Shaughnessy Asset Management LLC boosted its stake in shares of Biglari Holdings Inc. (NYSE:BH) by 29.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 864 shares of the restaurant operator’s stock after purchasing an additional 197 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Biglari were worth $138,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of BH. Janney Montgomery Scott LLC bought a new stake in shares of Biglari in the first quarter valued at approximately $233,000. Los Angeles Capital Management LLC boosted its position in shares of Biglari by 29.9% in the first quarter. Los Angeles Capital Management LLC now owns 2,937 shares of the restaurant operator’s stock valued at $390,000 after acquiring an additional 676 shares during the period. Rhumbline Advisers bought a new stake in shares of Biglari in the first quarter valued at approximately $218,000. State of Tennessee Treasury Department boosted its position in shares of Biglari by 10.7% in the first quarter. State of Tennessee Treasury Department now owns 1,953 shares of the restaurant operator’s stock valued at $259,000 after acquiring an additional 188 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Biglari by 50.8% in the first quarter. Russell Investments Group Ltd. now owns 890 shares of the restaurant operator’s stock valued at $118,000 after acquiring an additional 300 shares during the period.
Shares of BH stock opened at $161.44 on Wednesday. The stock has a market cap of $367.44 million and a P/E ratio of 0.50. Biglari Holdings Inc. has a one year low of $81.00 and a one year high of $188.50. The stock has a fifty day moving average price of $169.40 and a 200 day moving average price of $158.36.
In related news, CEO Sardar Biglari acquired 13,755 shares of the company’s stock in a transaction on Thursday, August 12th. The stock was purchased at an average cost of $212.94 per share, for a total transaction of $2,928,989.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 63.40% of the stock is owned by company insiders.
Separately, TheStreet raised Biglari from a “c” rating to a “b-” rating in a research report on Wednesday, August 4th.
Biglari Holdings, Inc engages in diverse business such as property and casualty insurance, media and licensing, restaurants, and oil and gas. It operates through the following segments: Restaurant Operations, Insurance, Southern Oil, and Maxim. The Restaurant Operations segment operations include Steak n Shake and Western Sizzlin.
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