Cannell Capital LLC raised its position in shares of Amerco (NASDAQ:UHAL) by 64.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,473 shares of the transportation company’s stock after buying an additional 580 shares during the period. Cannell Capital LLC’s holdings in Amerco were worth $561,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Macquarie Group Ltd. purchased a new stake in Amerco during the fourth quarter worth approximately $148,000. UBS Group AG raised its position in Amerco by 98.4% in the first quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after buying an additional 252 shares in the last quarter. Pennsylvania Trust Co bought a new position in Amerco during the first quarter worth about $200,000. Comerica Bank bought a new position in Amerco during the first quarter worth about $201,000. Finally, Rehmann Capital Advisory Group bought a new position in Amerco during the first quarter worth about $215,000. Institutional investors own 29.24% of the company’s stock.
Amerco (UHAL) traded down 0.30% during trading on Monday, hitting $349.90. The company had a trading volume of 52,841 shares. The company has a market cap of $6.86 billion, a PE ratio of 17.20 and a beta of 1.10. Amerco has a 12 month low of $307.80 and a 12 month high of $399.16. The company’s 50 day moving average price is $364.88 and its 200-day moving average price is $369.80.
Amerco (NASDAQ:UHAL) last posted its earnings results on Wednesday, May 24th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by $1.51. Amerco had a net margin of 11.64% and a return on equity of 14.02%. The firm had revenue of $708.80 million during the quarter, compared to analyst estimates of $702.54 million. During the same quarter in the previous year, the business posted $2.68 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Amerco will post $22.00 earnings per share for the current year.
In related news, major shareholder Grove Holdings Lp Willow purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $352.87 per share, for a total transaction of $705,740.00. Following the transaction, the insider now directly owns 7,562,884 shares of the company’s stock, valued at approximately $2,668,714,877.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 52.00% of the company’s stock.
AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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