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 %
Biglari Company Profile
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.
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