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

Biglari Holdings Inc. (NYSE:BH) saw a large growth in short interest during 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 3.4 days.

Insiders Place Their Bets

In other Biglari news, CEO Sardar Biglari acquired 4,663 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $328.48 per share, with a total value of $1,531,702.24. Following the completion of the transaction, the chief executive officer now directly owns 1,292,670 shares in the company, valued at approximately $424,616,241.60. This trade represents a 0.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have bought 18,465 shares of company stock valued at $5,061,839 in the last ninety days. Insiders own 71.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Biglari during the first quarter worth about $223,000. Barclays PLC increased its position in Biglari by 78.6% during the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter. Ritholtz Wealth Management raised its position in Biglari by 40.4% in 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 period. Empowered Funds LLC lifted its stake 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 purchasing an additional 402 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Biglari by 3.4% in the second 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 during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Biglari Stock Performance

NYSE:BH opened at $210.43 on Friday. The company has a market cap of $479.78 million, a P/E ratio of 1.19 and a beta of 0.71. The firm’s 50 day moving average is $180.98 and its two-hundred day moving average is $185.03. Biglari has a fifty-two week low of $144.20 and a fifty-two week high of $219.00. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

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

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.