Barclays PLC Purchases 869 Shares of Biglari Holdings Inc. (NYSE:BH)

Barclays PLC grew its position in Biglari Holdings Inc. (NYSE:BH) by 78.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,974 shares of the restaurant operator’s stock after purchasing an additional 869 shares during the quarter. Barclays PLC’s holdings in Biglari were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Empowered Funds LLC boosted its position in shares of Biglari by 4.6% during the third quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock worth $1,568,000 after acquiring an additional 402 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Biglari by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Biglari by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th.

Biglari Price Performance

Shares of NYSE:BH opened at $257.76 on Friday. The firm has a market cap of $586.66 million, a price-to-earnings ratio of 1.46 and a beta of 0.81. The firm has a fifty day moving average price of $218.28 and a 200 day moving average price of $193.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.44 and a current ratio of 1.47. Biglari Holdings Inc. has a fifty-two week low of $145.95 and a fifty-two week high of $271.35.

Insider Activity at Biglari

In other Biglari news, CEO Sardar Biglari purchased 4,663 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the purchase, the chief executive officer now directly owns 1,292,670 shares in the company, valued at $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 21,977 shares of company stock valued at $6,342,966 over the last 90 days. 71.40% of the stock is owned by corporate insiders.

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.