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

Biglari Holdings Inc. (NYSE:BH) was the recipient of a large growth in short interest in 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 daily volume of 3,600 shares, the short-interest ratio is currently 3.4 days. Currently, 0.6% of the shares of the stock are short sold.

Biglari Trading Down 2.1 %

NYSE BH opened at $210.43 on Monday. The stock’s 50-day simple moving average is $181.69 and its two-hundred day simple moving average is $184.92. Biglari has a twelve month low of $144.20 and a twelve month 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. The company has a market capitalization of $478.94 million, a price-to-earnings ratio of 1.19 and a beta of 0.71.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO Sardar Biglari acquired 2,422 shares of the firm’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 completion of the transaction, the chief executive officer now owns 1,312,054 shares in the company, valued at approximately $430,445,555.78. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 18,465 shares of company stock worth $5,061,839 in the last three months. Corporate insiders own 71.40% of the company’s stock.

Hedge Funds Weigh In On Biglari

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Biglari in the 1st quarter worth $223,000. Bank of New York Mellon Corp increased its holdings 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. Innealta Capital LLC purchased a new position in shares of Biglari in the second quarter worth about $25,000. Ritholtz Wealth Management lifted its stake in shares of Biglari by 40.4% in the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 441 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Biglari by 2.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after acquiring an additional 88 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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.