Biglari Holdings Inc. (NYSE:BH) Short Interest Down 6.7% in October

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 8,300 shares, a decrease of 6.7% from the September 30th total of 8,900 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is presently 4.4 days. Currently, 0.4% of the shares of the company are short sold.

Biglari Trading Down 0.3 %

Shares of NYSE:BH traded down $0.53 during midday trading on Thursday, reaching $172.48. The company's stock had a trading volume of 653 shares, compared to its average volume of 2,278. The firm has a 50 day moving average price of $171.68 and a two-hundred day moving average price of $185.72. Biglari has a fifty-two week low of $137.01 and a fifty-two week high of $219.00. The firm has a market capitalization of $392.55 million, a price-to-earnings ratio of -1.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.43.

Biglari (NYSE:BH - Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The restaurant operator reported ($12.87) earnings per share for the quarter. The company had revenue of $91.14 million during the quarter. Biglari had a negative net margin of 10.35% and a positive return on equity of 1.21%.

Insider Activity at Biglari

In other Biglari news, major shareholder Sardar Biglari bought 43,161 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $13.59 per share, with a total value of $586,557.99. Following the completion of the acquisition, the insider now owns 364,731 shares of the company's stock, valued at $4,956,694.29. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have acquired 189,177 shares of company stock worth $2,483,158. Corporate insiders own 71.40% of the company's stock.

Institutional Trading of Biglari

A number of institutional investors and hedge funds have recently modified their holdings of BH. Ritholtz Wealth Management grew its holdings in Biglari by 40.4% during the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock valued at $296,000 after purchasing an additional 441 shares during the period. Innealta Capital LLC bought a new position in shares of Biglari during the 2nd quarter worth $25,000. Bank of New York Mellon Corp increased its holdings in Biglari by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator's stock worth $764,000 after acquiring an additional 130 shares during the last quarter. Virtu Financial LLC bought a new stake in Biglari in the 1st quarter valued at about $223,000. Finally, Empowered Funds LLC lifted its holdings in Biglari by 6.9% during the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator's stock valued at $1,551,000 after purchasing an additional 525 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Biglari from a "buy" rating to a "hold" rating in a research note on Monday, August 12th.

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.