Ameriprise Financial Inc. Reduces Stake in Biglari Holdings Inc. (BH)
Ameriprise Financial Inc. cut its position in Biglari Holdings Inc. (NYSE:BH) by 12.6% during the second quarter, Holdings Channel reports. The institutional investor owned 13,214 shares of the company’s stock after selling 1,900 shares during the period. Ameriprise Financial Inc. owned approximately 0.64% of Biglari Holdings worth $5,329,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BH. Gamco Investors INC. ET AL increased its position in Biglari Holdings by 1.1% in the second quarter. Gamco Investors INC. ET AL now owns 76,995 shares of the company’s stock worth $31,055,000 after buying an additional 835 shares in the last quarter. Gabelli Funds LLC increased its position in Biglari Holdings by 2.0% in the second quarter. Gabelli Funds LLC now owns 23,219 shares of the company’s stock worth $9,365,000 after buying an additional 458 shares in the last quarter. Teton Advisors Inc. increased its position in Biglari Holdings by 1.4% in the second quarter. Teton Advisors Inc. now owns 13,183 shares of the company’s stock worth $5,317,000 after buying an additional 186 shares in the last quarter. Prudential Financial Inc. increased its position in Biglari Holdings by 49.9% in the first quarter. Prudential Financial Inc. now owns 5,524 shares of the company’s stock worth $2,053,000 after buying an additional 1,840 shares in the last quarter. Finally, Boston Partners purchased a new position in Biglari Holdings during the second quarter worth approximately $1,891,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.
Biglari Holdings Inc. (NYSE:BH) traded down 0.70% during trading on Friday, reaching $429.70. The company had a trading volume of 1,749 shares. The company has a market capitalization of $887.76 million, a PE ratio of 8.52 and a beta of 0.58. The company has a 50 day moving average price of $438.84 and a 200 day moving average price of $407.28. Biglari Holdings Inc. has a 52-week low of $321.00 and a 52-week high of $460.00.
Biglari Holdings (NYSE:BH) last posted its earnings results on Friday, August 5th. The company reported $3.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by $0.63. Biglari Holdings had a return on equity of 12.85% and a net margin of 7.30%. On average, equities analysts forecast that Biglari Holdings Inc. will post $11.00 EPS for the current fiscal year.
In related news, Director Sardar Biglari bought 263 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of $398.47 per share, for a total transaction of $104,797.61. Following the transaction, the director now owns 1 shares of the company’s stock, valued at $398.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 50.70% of the company’s stock.
Biglari Holdings Company Profile
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).
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