SAN ANTONIO—In a series of transactions disclosed on December 4, Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), along with Biglari Capital Corp. and The Lion Fund, L.P., acquired shares of Biglari Holdings valued at approximately $1.5 million. The stock, currently trading at $224.18, has delivered impressive returns of 51% over the past year.
The purchases, executed over three days beginning December 2, 2024, involved both Class A and Class B common stock. The shares were purchased at prices ranging from $217.16 to $1108.95. The acquisitions were made indirectly through The Lion Fund, L.P., with Biglari Capital Corp. acting as the general partner. According to InvestingPro, the stock is trading near its 52-week high of $228.98, with a notably low P/E ratio of 1.24.
Following these transactions, the total shares owned by The Lion Fund, L.P. increased to 126,924.7 shares of Class A stock and 1,316,756 shares of Class B stock. Biglari Capital Corp. and Sardar Biglari may be deemed beneficial owners of these shares due to their roles and relationships with the entities involved.
The filings were made jointly by Mr. Biglari, Biglari Capital Corp., and The Lion Fund, L.P., with each entity disclaiming beneficial ownership except to the extent of their pecuniary interest.
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