1 day Ago By ABMN Staff
Biglari Holdings Inc. ( NYSE:BH – Get Free Report ) saw strong trading volume on Friday . 11,574 shares traded hands during trading, an increase of 88% from the previous session’s volume of 6,164 shares.
The stock last traded at $250.51 and had previously closed at $249.96.
Analysts Set New Price Targets Separately, StockNews.com lowered Biglari from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 24th. Check Out Our Latest Analysis on BH Biglari Trading Up 3.
1 % Insider Activity In other Biglari news, CEO Sardar Biglari acquired 4,994 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of $247.33 per share, for a total transaction of $1,235,166.
02. Following the completion of the purchase, the chief executive officer now owns 1,281,750 shares in the company, valued at approximately $317,015,227.50.
This trade represents a 0.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
Over the last ninety days, insiders purchased 21,977 shares of company stock valued at $6,342,966. 71.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Biglari Several institutional investors and hedge funds have recently added to or reduced their stakes in BH. JPMorgan Chase & Co. lifted its position in Biglari by 48.
8% during the third quarter. JPMorgan Chase & Co. now owns 845 shares of the restaurant operator’s stock valued at $145,000 after acquiring an additional 277 shares during the last quarter.
Barclays PLC increased its position in shares of Biglari by 78.6% during the third quarter. Barclays PLC now owns 1,974 shares of the restaurant operator’s stock worth $340,000 after purchasing an additional 869 shares in the last quarter.
Empowered Funds LLC lifted its holdings in shares of Biglari by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 9,118 shares of the restaurant operator’s stock valued at $1,568,000 after purchasing an additional 402 shares during the last quarter.
Los Angeles Capital Management LLC boosted its position in shares of Biglari by 2.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 4,418 shares of the restaurant operator’s stock worth $760,000 after purchasing an additional 88 shares in the last quarter.
Finally, Bank of New York Mellon Corp grew its stake in Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after buying an additional 130 shares during the last quarter.
Hedge funds and other institutional investors own 74.30% of the company’s stock. Biglari Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Biglari Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Biglari and related companies with MarketBeat.
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