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

Key Points

• Cerity Partners LLC has acquired a new stake in Biglari Holdings Inc., purchasing 2,091 shares valued at approximately $453,000, which represents 0.09% ownership as of the latest SEC filing.
• Several other institutional investors have also adjusted their holdings in Biglari, with notable investments including GAMMA Investing LLC, which increased its stake by 17,220% in the first quarter.
• Biglari Holdings Inc. reported earnings of $23.37 per share for the last quarter, with revenue of $95.04 million, showing a positive return on equity of 4.27% despite a negative net margin of 16.21%.

Cerity Partners LLC bought a new position in shares of Biglari Holdings Inc. (NYSE:BH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,091 shares of the restaurant operator's stock, valued at approximately $453,000. Cerity Partners LLC owned 0.09% of Biglari as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BH. Deutsche Bank AG bought a new position in shares of Biglari during the fourth quarter worth $44,000. Wells Fargo & Company MN boosted its position 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 worth $109,000 after purchasing an additional 94 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Biglari during the fourth quarter worth $117,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Biglari during the first quarter worth $109,000. Finally, Ethic Inc. bought a new position in shares of Biglari during the fourth quarter worth $205,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Biglari Trading Up 1.0%

Shares of NYSE BH traded up $3.16 during midday trading on Tuesday, reaching $317.06. 4,937 shares of the stock were exchanged, compared to its average volume of 14,180. The business has a 50-day simple moving average of $279.66 and a two-hundred day simple moving average of $244.42. The company has a market capitalization of $721.62 million, a price-to-earnings ratio of -1.44 and a beta of 0.79. Biglari Holdings Inc. has a 12 month low of $159.69 and a 12 month high of $328.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.14 and a quick ratio of 1.11.

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

About Biglari

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.