Cerity Partners LLC Acquires New Holdings in Biglari Holdings Inc. (NYSE:BH)

Cerity Partners LLC acquired a new stake in shares of Biglari Holdings Inc. (NYSE:BH) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,091 shares of the restaurant operator’s stock, valued at approximately $453,000. Cerity Partners LLC owned approximately 0.09% of Biglari as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BH. Deutsche Bank AG bought a new stake in shares of Biglari during the fourth quarter valued at about $44,000. Wells Fargo & Company MN raised its stake in shares of Biglari by 28.2% during the fourth quarter. Wells Fargo & Company MN now owns 427 shares of the restaurant operator’s stock valued at $109,000 after purchasing an additional 94 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Biglari during the first quarter valued at about $109,000. MetLife Investment Management LLC bought a new stake in shares of Biglari during the fourth quarter valued at about $117,000. Finally, GAMMA Investing LLC raised its stake in shares of Biglari by 17,220.0% during the first quarter. GAMMA Investing LLC now owns 866 shares of the restaurant operator’s stock valued at $188,000 after purchasing an additional 861 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Biglari Price Performance

NYSE:BH opened at $318.95 on Friday. The business’s 50-day moving average price is $278.24 and its 200 day moving average price is $243.56. The firm has a market cap of $727.20 million, a P/E ratio of -1.45 and a beta of 0.79. Biglari Holdings Inc. has a 52-week low of $159.69 and a 52-week high of $328.65. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.02.

Biglari (NYSE:BH) last released its earnings results on Friday, May 9th. The restaurant operator reported $23.37 earnings per share (EPS) for the quarter. The firm had revenue of $95.04 million for the quarter. Biglari had a positive return on equity of 4.27% and a negative net margin of 16.21%.

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.