SAN ANTONIO—Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has acquired Class B common stock valued at approximately $495,094, according to a recent SEC filing. The shares were purchased at a weighted average price of $228.47 per share, with transaction prices ranging from $225.00 to $230.00. The timing is notable as the stock trades near its 52-week high of $236.50, having delivered an impressive 50% return over the past year. InvestingPro analysis indicates the stock is currently in overbought territory.
The acquisition was made through The Lion Fund, L.P., where Biglari Capital Corp., led by Sardar Biglari, serves as the general partner. Following this transaction, The Lion Fund holds 1,318,923 shares of Class B common stock.
In addition to the Class B shares, the filing reports holdings of Class A common stock, with The Lion Fund owning 126,924.7 shares and Biglari Capital Corp. holding 25,663.1 shares. The filing underscores the interconnected ownership structure, with Biglari potentially being deemed a beneficial owner of shares held by both The Lion Fund and Biglari Capital Corp.
This Form 4 filing was submitted jointly by Sardar Biglari, Biglari Capital Corp., and The Lion Fund, L.P., with each party disclaiming beneficial ownership except for their pecuniary interest.
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