California State Teachers Retirement System Sells 200 Shares of Biglari Holdings Inc (BH)

California State Teachers Retirement System reduced its stake in Biglari Holdings Inc (NYSE:BH) by 11.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,614 shares of the restaurant operator’s stock after selling 200 shares during the quarter. California State Teachers Retirement System’s holdings in Biglari were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Biglari by 18.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 29,031 shares of the restaurant operator’s stock valued at $9,676,000 after purchasing an additional 4,426 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Biglari during the third quarter valued at about $883,000. Schwab Charles Investment Management Inc. grew its stake in shares of Biglari by 4.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 4,029 shares of the restaurant operator’s stock valued at $1,343,000 after acquiring an additional 174 shares in the last quarter. Check Capital Management Inc. CA grew its stake in shares of Biglari by 233.0% during the third quarter. Check Capital Management Inc. CA now owns 4,862 shares of the restaurant operator’s stock valued at $1,620,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Biglari by 31.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 590 shares of the restaurant operator’s stock valued at $197,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Shares of Biglari Holdings Inc (BH) opened at $393.04 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.85. The firm has a market capitalization of $812.65, a PE ratio of 9.15 and a beta of 0.41. Biglari Holdings Inc has a 52 week low of $290.05 and a 52 week high of $451.15.

Biglari (NYSE:BH) last announced its earnings results on Friday, November 3rd. The restaurant operator reported ($20.09) earnings per share for the quarter. The business had revenue of $214.23 million for the quarter. Biglari had a net margin of 6.16% and a return on equity of 9.84%.

Separately, TheStreet downgraded Biglari from a “c” rating to a “d+” rating in a research note on Monday, November 6th.

In other Biglari news, Director Sardar Biglari bought 700 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $334.50 per share, for a total transaction of $234,150.00. Following the completion of the purchase, the director now directly owns 1 shares of the company’s stock, valued at $334.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought 36,996 shares of company stock valued at $14,762,952 over the last 90 days. Insiders own 51.20% of the company’s stock.

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Biglari 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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Institutional Ownership by Quarter for Biglari (NYSE:BH)

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