GSA Capital Partners LLP cut its position in shares of Biglari Holdings Inc (NYSE:BH) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 774 shares of the restaurant operator’s stock after selling 239 shares during the period. GSA Capital Partners LLP’s holdings in Biglari Holdings were worth $366,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Fund Advisors increased its position in shares of Biglari Holdings by 7.6% in the third quarter. BlackRock Fund Advisors now owns 75,803 shares of the restaurant operator’s stock worth $33,052,000 after buying an additional 5,336 shares in the last quarter. State Street Corp boosted its position in shares of Biglari Holdings by 2.5% in the fourth quarter. State Street Corp now owns 24,514 shares of the restaurant operator’s stock worth $11,599,000 after buying an additional 607 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Biglari Holdings by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,659 shares of the restaurant operator’s stock worth $7,884,000 after buying an additional 1,718 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Biglari Holdings by 18.1% in the third quarter. Prudential Financial Inc. now owns 9,057 shares of the restaurant operator’s stock worth $3,949,000 after buying an additional 1,387 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Biglari Holdings by 165.1% in the fourth quarter. Renaissance Technologies LLC now owns 6,070 shares of the restaurant operator’s stock valued at $2,872,000 after buying an additional 3,780 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Biglari Holdings Inc (NYSE:BH) traded down 1.36% during midday trading on Friday, reaching $430.18. The company’s stock had a trading volume of 2,768 shares. The firm’s 50-day moving average price is $420.95 and its 200-day moving average price is $445.13. Biglari Holdings Inc has a 52 week low of $351.46 and a 52 week high of $491.74. The stock has a market capitalization of $889.18 million, a PE ratio of 5.29 and a beta of 0.37.
Separately, CL King cut Biglari Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, January 31st.
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).
