SAN ANTONIO—Biglari Holdings Inc. (NYSE:BH) recently reported significant stock acquisitions by The Lion Fund, L.P., a key stakeholder in the company. According to a Form 4 filing, The Lion Fund acquired shares of both Class A and Class B common stock totaling approximately $730,795 over several transactions. The timing appears strategic, as InvestingPro data shows the stock has delivered an impressive 43.24% return year-to-date, with particularly strong momentum over the past three months.
The transactions, dated December 12, 13, and 16, included purchases of Class A common stock at prices ranging from $1,160.00 to $1,186.32, and Class B common stock at prices ranging from $234.12 to $234.98.
Sardar Biglari, Chairman and CEO of Biglari Holdings and a significant figure in The Lion Fund, facilitated these transactions. The shares were acquired indirectly through The Lion Fund, with Biglari Capital Corp. acting as the general partner. This series of transactions highlights the ongoing investment strategies and confidence in Biglari Holdings by its major stakeholders.
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