Los Angeles Capital Management LLC Sells 500 Shares of Biglari Holdings Inc. (NYSE:BH)

Los Angeles Capital Management LLC lowered its holdings in Biglari Holdings Inc. (NYSE:BH) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,918 shares of the restaurant operator’s stock after selling 500 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Biglari were worth $996,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atticus Wealth Management LLC bought a new stake in shares of Biglari in the 4th quarter valued at about $25,000. SG Americas Securities LLC purchased a new position in shares of Biglari in the 4th quarter worth approximately $115,000. JPMorgan Chase & Co. grew its position in shares of Biglari by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock worth $145,000 after buying an additional 277 shares during the last quarter. Rhumbline Advisers grew its position in shares of Biglari by 10.0% in the 4th quarter. Rhumbline Advisers now owns 1,139 shares of the restaurant operator’s stock worth $290,000 after buying an additional 104 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Biglari by 78.6% in the 3rd quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after buying an additional 869 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

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

Biglari Stock Up 0.3 %

NYSE:BH opened at $243.00 on Friday. The company has a market cap of $553.06 million, a PE ratio of 1.38 and a beta of 0.71. Biglari Holdings Inc. has a twelve month low of $159.69 and a twelve month high of $271.35. 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 $237.53 and its two-hundred day moving average is $205.19.

Insiders Place Their Bets

In related news, CEO Sardar Biglari bought 817 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of $366.99 per share, with a total value of $299,830.83. Following the transaction, the chief executive officer now owns 1,319,993 shares in the company, valued at approximately $484,424,231.07. This trade represents a 0.06 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 3,512 shares of company stock valued at $1,281,128. Insiders own 71.40% of the company’s stock.

Biglari 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.