Biglari Holdings Inc. (NYSE:BH) Short Interest Update

Biglari Holdings Inc. (NYSE:BH – Get Rating) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 16,200 shares, a growth of 6.6% from the February 13th total of 15,200 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 6.8 days. Currently, 0.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Biglari in a research note on Thursday. They issued a “strong-buy” rating for the company.

Institutional Investors Weigh In On Biglari

A number of institutional investors have recently modified their holdings of BH. UBS Group AG acquired a new position in Biglari during the 4th quarter worth $28,000. Lazard Asset Management LLC acquired a new position in Biglari during the 1st quarter worth $28,000. BNP Paribas Arbitrage SNC grew its stake in Biglari by 81.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 342 shares of the restaurant operator’s stock worth $40,000 after purchasing an additional 153 shares in the last quarter. Barclays PLC grew its stake in Biglari by 14.6% during the 4th quarter. Barclays PLC now owns 1,315 shares of the restaurant operator’s stock worth $182,000 after purchasing an additional 168 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Biglari during the 4th quarter worth $216,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Biglari Trading Down 2.1 %

Shares of NYSE BH opened at $171.24 on Friday. Biglari has a twelve month low of $113.76 and a twelve month high of $184.21. The stock has a fifty day simple moving average of $166.14 and a 200-day simple moving average of $144.93. The stock has a market capitalization of $390.43 million, a PE ratio of -1.66 and a beta of 0.81.

Biglari Company Profile

(Get Rating)

Biglari Holdings, Inc engages in diverse business such as property and casualty insurance, media and licensing, restaurants, and oil and gas. It operates through the following segments: Restaurant Operations, Insurance, Southern Oil, and Maxim. The Restaurant Operations segment operations include Steak n Shake and Western Sizzlin.