New York State Teachers Retirement System continued to hold its stake in Biglari Holdings Inc. (NYSE:BH) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,151 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Biglari Holdings were worth $1,674,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Check Capital Management Inc. CA purchased a new stake in shares of Biglari Holdings during the second quarter valued at about $443,000. BNP Paribas Arbitrage SA raised its stake in shares of Biglari Holdings by 14.4% in the second quarter. BNP Paribas Arbitrage SA now owns 326 shares of the company’s stock valued at $131,000 after buying an additional 41 shares in the last quarter. Cutler Group LP raised its stake in shares of Biglari Holdings by 1.8% in the first quarter. Cutler Group LP now owns 560 shares of the company’s stock valued at $208,000 after buying an additional 10 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Biglari Holdings during the first quarter valued at about $810,000. Finally, Prudential Financial Inc. raised its stake in shares of Biglari Holdings by 49.9% in the first quarter. Prudential Financial Inc. now owns 5,524 shares of the company’s stock valued at $2,053,000 after buying an additional 1,840 shares in the last quarter. Institutional investors own 87.41% of the company’s stock.
Shares of Biglari Holdings Inc. (NYSE:BH) traded up 1.74% during mid-day trading on Monday, hitting $438.26. The company had a trading volume of 1,239 shares. The firm’s 50-day moving average price is $437.82 and its 200 day moving average price is $408.75. Biglari Holdings Inc. has a one year low of $321.00 and a one year high of $460.00. The company has a market capitalization of $905.45 million, a P/E ratio of 8.69 and a beta of 0.58.
Biglari Holdings (NYSE:BH) last announced its earnings results on Friday, August 5th. The company reported $3.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.76 by $0.63. Biglari Holdings had a return on equity of 12.85% and a net margin of 7.30%. Analysts predict that Biglari Holdings Inc. will post $11.00 earnings per share for the current fiscal year.
In other Biglari Holdings news, Director Sardar Biglari purchased 263 shares of the business’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $398.47 per share, with a total value of $104,797.61. Following the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately $398.47. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 50.70% of the company’s stock.
About Biglari Holdings
Biglari Holdings Inc is a holding company owning subsidiaries engaged in various business activities, including media, property and casualty insurance, and restaurants The Company’s segments include Restaurant Operations, First Guard, Maxim, Other and Corporate. The Company’s restaurant operations’ activities are conducted through approximately two restaurant concepts operated by subsidiaries Steak n Shake Inc (Steak n Shake) and Western Sizzlin Corporation (Western).