Verition Fund Management LLC Boosts Stake in U-Haul Holding (NASDAQ:UHAL)

Verition Fund Management LLC lifted its holdings in U-Haul Holding (NASDAQ:UHAL) by 93.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,371 shares of the transportation company’s stock after purchasing an additional 4,047 shares during the quarter. Verition Fund Management LLC’s holdings in U-Haul were worth $649,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Anthracite Investment Company Inc. acquired a new position in shares of U-Haul during the 3rd quarter worth approximately $269,000. Intellectus Partners LLC increased its holdings in U-Haul by 5.4% in the 3rd quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company’s stock worth $414,000 after acquiring an additional 275 shares in the last quarter. Old West Investment Management LLC raised its position in U-Haul by 11.7% during the third quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after acquiring an additional 13,143 shares during the period. Lodestone Wealth Management LLC lifted its holdings in U-Haul by 5.6% during the third quarter. Lodestone Wealth Management LLC now owns 4,407 shares of the transportation company’s stock valued at $341,000 after purchasing an additional 233 shares in the last quarter. Finally, Childress Capital Advisors LLC acquired a new stake in shares of U-Haul in the third quarter valued at about $387,000. Institutional investors and hedge funds own 3.63% of the company’s stock.

U-Haul Stock Down 1.4 %

UHAL opened at $73.81 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. U-Haul Holding has a twelve month low of $58.16 and a twelve month high of $79.04. The company has a market cap of $14.47 billion, a PE ratio of 31.81 and a beta of 1.09. The company has a 50-day moving average price of $72.88 and a 200 day moving average price of $69.12.

U-Haul (NASDAQ:UHAL) last released its earnings results on Wednesday, November 6th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.46). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. U-Haul had a net margin of 8.39% and a return on equity of 6.46%. During the same quarter last year, the business earned $1.36 EPS. Sell-side analysts expect that U-Haul Holding will post 2.31 earnings per share for the current fiscal year.

U-Haul Profile

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company’s Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.