Biglari Holdings Inc. (NYSE:BH) Sees Large Decrease in Short Interest

Biglari Holdings Inc. (NYSE:BH - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 23,500 shares, a drop of 19.5% from the February 28th total of 29,200 shares. Based on an average daily trading volume, of 8,400 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.1% of the company's shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Biglari from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th.

Biglari Trading Down 3.9 %

Shares of BH stock traded down $8.37 during mid-day trading on Friday, reaching $204.93. The company's stock had a trading volume of 4,816 shares, compared to its average volume of 4,696. The company's 50 day simple moving average is $226.95 and its 200-day simple moving average is $212.32. 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 12-month low of $159.69 and a 12-month high of $271.35. The firm has a market capitalization of $466.42 million, a PE ratio of 1.16 and a beta of 0.75.

Biglari (NYSE:BH - Get Free Report) last released its quarterly earnings results on Saturday, March 1st. The restaurant operator reported ($36.60) earnings per share for the quarter. Biglari had a return on equity of 16.03% and a net margin of 14.14%. The company had revenue of $91.12 million during the quarter.

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Hedge Funds Weigh In On Biglari

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its position in shares of Biglari by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 16,821 shares of the restaurant operator's stock worth $4,277,000 after acquiring an additional 164 shares during the last quarter. Ethic Inc. acquired a new stake in Biglari during the 4th quarter valued at approximately $205,000. Deutsche Bank AG purchased a new stake in Biglari during the 4th quarter worth approximately $44,000. Bridgeway Capital Management LLC raised its position in shares of Biglari by 1.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 15,468 shares of the restaurant operator's stock valued at $3,933,000 after purchasing an additional 150 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of Biglari during the 4th quarter valued at approximately $117,000. 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.