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

Biglari Holdings Inc. (NYSE:BH - Get Free Report) saw a significant 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 trading volume of 3,600 shares, the short-interest ratio is currently 3.4 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Biglari from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th.

Biglari Stock Performance

Shares of BH traded down $4.57 during mid-day trading on Friday, hitting $210.43. 1,487 shares of the company's stock were exchanged, compared to its average volume of 2,755. The firm has a market capitalization of $479.78 million, a P/E ratio of 1.19 and a beta of 0.71. Biglari has a fifty-two week low of $144.20 and a fifty-two week high of $219.00. The business's 50 day moving average is $181.69 and its two-hundred day moving average is $185.09. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.17.

Insider Buying and Selling at Biglari

In other Biglari news, CEO Sardar Biglari bought 4,663 shares of the firm's stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $328.48 per share, for a total transaction of $1,531,702.24. Following the completion of the purchase, the chief executive officer now owns 1,292,670 shares of the company's stock, valued at approximately $424,616,241.60. This represents a 0.36 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 18,465 shares of company stock worth $5,061,839 over the last 90 days. Corporate insiders own 71.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Biglari in the second quarter valued at about $25,000. Virtu Financial LLC purchased a new position in Biglari in the first quarter valued at about $223,000. Ritholtz Wealth Management increased its holdings in Biglari by 40.4% in the second quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator's stock valued at $296,000 after buying an additional 441 shares in the last quarter. Barclays PLC increased its holdings in Biglari by 78.6% in the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator's stock valued at $340,000 after buying an additional 869 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in 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 valued at $764,000 after buying an additional 130 shares in 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.