Biglari Holdings Inc. (NYSE:BH) Short Interest Up 5.5% in January

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw a large growth in short interest in 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. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 2.6 days. Approximately 1.3% of the company's shares are sold short.

Analyst Ratings Changes

Separately, StockNews.com cut Biglari from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 5th.

Biglari Trading Down 3.3 %

Shares of Biglari stock traded down $8.04 during trading on Friday, reaching $235.96. 5,881 shares of the company were exchanged, compared to its average volume of 5,773. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Biglari has a twelve month low of $151.70 and a twelve month high of $271.35. The business has a 50-day moving average price of $237.88 and a 200-day moving average price of $203.05. The firm has a market capitalization of $537.04 million, a price-to-earnings ratio of 1.34 and a beta of 0.71.

Insider Activity

In related news, CEO Sardar Biglari acquired 817 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $366.99 per share, with a total value of $299,830.83. Following the completion of the purchase, the chief executive officer now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders bought 5,934 shares of company stock valued at $2,075,713. Company insiders own 71.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BH. Atticus Wealth Management LLC acquired a new position in Biglari in the fourth quarter valued at about $25,000. Deutsche Bank AG bought a new stake in Biglari during the fourth quarter worth about $44,000. Wells Fargo & Company MN increased its position in Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator's stock worth $109,000 after buying an additional 94 shares during the last quarter. SG Americas Securities LLC acquired a new position in Biglari during the fourth quarter worth approximately $115,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Biglari in the fourth quarter valued at approximately $117,000. 74.30% of the stock is owned by institutional investors and hedge funds.

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.