Biglari Holdings Inc. (NYSE:BH) Short Interest Update

Biglari Holdings Inc. (NYSE:BH) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 23,500 shares, a decrease of 19.5% from the February 28th total of 29,200 shares. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is currently 2.8 days. Approximately 1.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Biglari Stock Down 2.0 %

Shares of BH traded down $4.40 on Tuesday, hitting $212.14. The company’s stock had a trading volume of 4,464 shares, compared to its average volume of 4,688. 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 firm has a market capitalization of $482.83 million, a price-to-earnings ratio of 1.20 and a beta of 0.69. The firm’s fifty day moving average price is $227.84 and its 200-day moving average price is $211.76. Biglari has a fifty-two week low of $159.69 and a fifty-two week high of $271.35.

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

Institutional Trading of Biglari

A number of institutional investors have recently modified their holdings of BH. Nuveen Asset Management LLC raised its position in Biglari by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator’s stock valued at $4,277,000 after buying an additional 164 shares during the last quarter. Ethic Inc. acquired a new stake in shares of Biglari in the fourth quarter valued at approximately $205,000. Deutsche Bank AG acquired a new stake in Biglari in the 4th quarter valued at $44,000. Bridgeway Capital Management LLC raised its holdings in Biglari by 1.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator’s stock worth $3,933,000 after acquiring an additional 150 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in Biglari during the fourth quarter worth about $117,000. 74.30% of the stock is currently owned by institutional investors.

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.