Connor Clark & Lunn Investment Management Ltd. Has $3.69 Million Holdings in Biglari Holdings Inc. $BH

Connor Clark & Lunn Investment Management Ltd. grew its position in Biglari Holdings Inc. (NYSE:BH) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,626 shares of the restaurant operator’s stock after purchasing an additional 597 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.55% of Biglari worth $3,689,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Biglari in the 1st quarter valued at $3,965,000. Strs Ohio bought a new stake in shares of Biglari in the first quarter valued at about $498,000. Cerity Partners LLC acquired a new position in shares of Biglari in the first quarter valued at about $453,000. Jane Street Group LLC bought a new position in Biglari during the first quarter worth about $257,000. Finally, AlphaQuest LLC acquired a new stake in Biglari in the 2nd quarter worth about $152,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Biglari Trading Down 1.2%

Shares of Biglari stock opened at $317.03 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.16. Biglari Holdings Inc. has a 12-month low of $189.21 and a 12-month high of $381.83. The company has a market capitalization of $721.56 million, a price-to-earnings ratio of 2.17 and a beta of 0.81. The firm’s 50-day moving average price is $338.66 and its two-hundred day moving average price is $299.99.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Biglari from a “buy” rating to a “hold” rating in a research report on Saturday.

Biglari 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.