Biglari (NYSE:BH) Experiences Surge in Trading Volume After Insider Purchases

Biglari Holdings Inc. (NYSE:BH) experienced a significant increase in its trading volume on Tuesday, coinciding with insider trading activity. The stock saw 5,781 shares exchanged during the trading session, representing a 92% rise from the previous day's volume of 3,004 shares. The last recorded trading price for the stock was $245.80, up from its prior closing price of $236.24.

In particular, CEO Sardar Biglari made headlines by acquiring 817 shares of Biglari on December 16th at an average price of $366.99 per share. The total value of this transaction reached $299,830.83. Following this purchase, he now holds 1,319,993 shares of the company, worth approximately $484,424,231.07, reflecting a 0.06% increase in his overall ownership.

Separately, on December 12th, Sardar Biglari purchased another 516 shares at an average price of $738.70, resulting in a transaction of $381,169.20. With this transaction, his total share ownership increased slightly to 1,319,162 shares, valued at $974,464,969.40. This acquisition was also reported to the Securities and Exchange Commission, and details can be found through the SEC website.

Recent Analyst Opinions

In the latest research updates, StockNews.com upgraded Biglari's shares from a "hold" rating to a "strong-buy" rating as of November 11th. This positive shift reflects analyst confidence in Biglari's potential performance in the market.

Biglari's Market Overview

Biglari Holdings currently boasts a market capitalization of $557.62 million, with a price-to-earnings ratio of 1.34 and a beta of 0.81. The stock's performance over the past fifty days averages $194.66, while the two-hundred day average stands at $187.10. The company maintains a debt-to-equity ratio of 0.17, a current ratio of 1.47, and a quick ratio of 1.44, indicating a stable financial position.

Investments by Hedge Funds

Institutional investors have shown growing interest in Biglari recently. During the second quarter, Innealta Capital LLC acquired a new stake valued at around $25,000. Ritholtz Wealth Management raised its position by 40.4% in Q2, bringing their total to 1,532 shares valued at $296,000 after buying an additional 441 shares. Barclays PLC also significantly increased its holdings by 78.6% in the third quarter, now owning 1,974 shares worth $340,000 following the acquisition of 869 shares during that period. Furthermore, Bank of New York Mellon Corp added 130 shares, totaling 3,951 shares worth $764,000. As of recent data, institutional investors collectively hold 74.30% of the company's stock.

About Biglari Holdings

Biglari Holdings Inc. operates primarily within the restaurant sector in the United States, owning and franchising popular dining establishments like Steak n Shake and Western Sizzlin. Additionally, the company is involved in the commercial trucking insurance sector, providing coverage for physical damage and non-trucking liability to truckers as well as offering property and casualty insurance services.

Overall, Biglari's recent insider trading activity and analyst upgrades are likely to impact its stock performance positively, attracting investor attention in a competitive market environment.

Trading, Volume, Insider