Bank of New York Mellon Corp Sells 1,530 Shares of Biglari Holdings Inc. (NYSE:BH)

Bank of New York Mellon Corp reduced its position in shares of Biglari Holdings Inc. (NYSE:BH) by 45.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,828 shares of the restaurant operator’s stock after selling 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in Biglari were worth $465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Atticus Wealth Management LLC purchased a new stake in shares of Biglari in the 4th quarter worth about $25,000. Rhumbline Advisers grew its holdings in Biglari by 10.0% in the fourth quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock worth $290,000 after purchasing an additional 104 shares during the period. Empowered Funds LLC increased its stake in shares of Biglari by 1.6% during the fourth quarter. Empowered Funds LLC now owns 9,268 shares of the restaurant operator’s stock valued at $2,357,000 after purchasing an additional 150 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Biglari by 17.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,404 shares of the restaurant operator’s stock valued at $357,000 after purchasing an additional 204 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Biglari by 48.8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 277 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Biglari Stock Performance

BH opened at $223.19 on Friday. Biglari Holdings Inc. has a 12-month low of $159.69 and a 12-month high of $271.35. The company has a market cap of $507.98 million, a price-to-earnings ratio of 1.26 and a beta of 0.69. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $227.90 and its 200 day moving average is $210.42.

Biglari (NYSE:BH) last released its earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. The firm had revenue of $91.12 million for the quarter. Biglari had a net margin of 14.14% and a return on equity of 16.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Biglari from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Biglari Company 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.