Biglari Holdings Inc. (NYSE:BH) Short Interest Up 33.7% in November

Biglari Holdings Inc. (NYSE:BH) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 12,300 shares, a growth of 33.7% from the October 31st total of 9,200 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Biglari from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th.

Insider Transactions at Biglari

In other Biglari news, CEO Sardar Biglari purchased 2,422 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $328.07 per share, for a total transaction of $794,585.54. Following the purchase, the chief executive officer now owns 1,312,054 shares of the company’s stock, valued at $430,445,555.78. This represents a 0.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders bought 18,465 shares of company stock worth $5,061,839. 71.40% of the stock is owned by company insiders.

Institutional Trading of Biglari

Several institutional investors and hedge funds have recently bought and sold shares of BH. Virtu Financial LLC bought a new stake in shares of Biglari during the 1st quarter valued at about $223,000. Ritholtz Wealth Management lifted its position in Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 441 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Biglari by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after buying an additional 130 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 88 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after buying an additional 402 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Biglari Trading Down 2.1 %

Shares of BH opened at $210.43 on Monday. Biglari has a twelve month low of $144.20 and a twelve month high of $219.00. The stock has a market cap of $478.94 million, a PE ratio of 1.19 and a beta of 0.71. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $181.69 and its 200-day moving average price is $184.92.

About Biglari

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.