Connor Clark & Lunn Investment Management Ltd. Purchases 98 Shares of Biglari Holdings Inc. (NYSE:BH)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Biglari Holdings Inc. (NYSE:BH – Get Rating) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,854 shares of the restaurant operator’s stock after acquiring an additional 98 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.52% of Biglari worth $1,645,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BH. UBS Group AG bought a new stake in Biglari during the fourth quarter worth about $28,000. Lazard Asset Management LLC acquired a new position in Biglari during the first quarter worth approximately $28,000. BNP Paribas Arbitrage SNC increased its position in Biglari by 81.0% during the third quarter. BNP Paribas Arbitrage SNC now owns 342 shares of the restaurant operator’s stock worth $40,000 after buying an additional 153 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Biglari during the fourth quarter worth approximately $216,000. Finally, Jane Street Group LLC increased its position in Biglari by 519.4% during the second quarter. Jane Street Group LLC now owns 1,920 shares of the restaurant operator’s stock worth $236,000 after buying an additional 1,610 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com started coverage on Biglari in a research report on Thursday, May 18th. They set a “strong-buy” rating on the stock. TheStreet raised Biglari from a “c+” rating to a “b” rating in a research report on Friday, May 12th.

Biglari Trading Up 1.5 %

Biglari stock opened at $206.94 on Tuesday. Biglari Holdings Inc. has a 12 month low of $113.76 and a 12 month high of $208.00. The stock’s 50 day moving average is $177.49 and its 200-day moving average is $163.15. The company has a market capitalization of $471.82 million, a price-to-earnings ratio of 1.73 and a beta of 0.77.

Biglari (NYSE:BH – Get Rating) last posted its quarterly earnings data on Saturday, February 25th. The restaurant operator reported $32.87 EPS for the quarter. Biglari had a return on equity of 5.95% and a net margin of 8.89%. The firm had revenue of $98.46 million for the quarter.

About Biglari

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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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