Biglari Holdings Inc. (NYSE:BH) Sees Significant Increase in Short Interest

Biglari Holdings Inc. (NYSE:BH) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 26,800 shares, a growth of 5.5% from the January 15th total of 25,400 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is presently 2.6 days.

Biglari Stock Performance

BH traded down $0.57 during trading on Monday, hitting $242.31. The stock had a trading volume of 1,987 shares, compared to its average volume of 4,150. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17. Biglari has a 12 month low of $149.92 and a 12 month high of $271.35. The company has a 50 day simple moving average of $236.68 and a 200-day simple moving average of $201.34. The firm has a market cap of $552.46 million, a PE ratio of 1.37 and a beta of 0.71.

Insider Buying and Selling at Biglari

In related news, CEO Sardar Biglari purchased 817 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $366.99 per share, for a total transaction of $299,830.83. Following the purchase, the chief executive officer now owns 1,319,993 shares in the company, valued at $484,424,231.07. The trade was a 0.06 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 7,175 shares of company stock worth $2,336,359 over the last ninety days. 71.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Biglari

Large investors have recently made changes to their positions in the business. Nuveen Asset Management LLC raised its stake in Biglari by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator’s stock valued at $4,277,000 after purchasing an additional 164 shares during the last quarter. Ethic Inc. bought a new position in shares of Biglari during the 4th quarter worth about $205,000. Deutsche Bank AG acquired a new position in shares of Biglari during the fourth quarter valued at about $44,000. Bridgeway Capital Management LLC lifted its stake in shares of Biglari by 1.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator’s stock valued at $3,933,000 after buying an additional 150 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in Biglari during the fourth quarter worth about $117,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Biglari from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 5th.

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.