Virtu Financial LLC Makes New $824,000 Investment in U-Haul Holding (NASDAQ:UHAL)

Key Points

• Virtu Financial LLC acquired 12,610 shares of U-Haul Holding, valued at approximately $824,000, marking a new position for the firm.
• Other hedge funds have also invested in U-Haul, with notable increases in positions from firms like Legacy Capital Group and Aquatic Capital Management.
• Wolfe Research has initiated coverage on U-Haul, giving it a "peer perform" rating, while the stock recently opened at $57.90.

Virtu Financial LLC acquired a new stake in U-Haul Holding (NASDAQ:UHAL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,610 shares of the transportation company's stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of U-Haul during the 1st quarter worth about $105,000. Legacy Capital Group California Inc. lifted its stake in shares of U-Haul by 12.2% during the 1st quarter. Legacy Capital Group California Inc. now owns 3,795 shares of the transportation company's stock worth $248,000 after buying an additional 412 shares during the last quarter. Farringdon Capital Ltd. acquired a new stake in shares of U-Haul during the 4th quarter worth about $333,000. Aquatic Capital Management LLC lifted its stake in shares of U-Haul by 36.0% during the 4th quarter. Aquatic Capital Management LLC now owns 11,284 shares of the transportation company's stock worth $780,000 after buying an additional 2,984 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of U-Haul by 15.2% during the 4th quarter. MGO One Seven LLC now owns 12,735 shares of the transportation company's stock worth $880,000 after buying an additional 1,680 shares during the last quarter. Institutional investors own 3.63% of the company's stock.

U-Haul Stock Performance

Shares of NASDAQ UHAL traded down $0.56 during mid-day trading on Friday, reaching $57.73. 116,121 shares of the company were exchanged, compared to its average volume of 111,516. The company's 50-day simple moving average is $60.92 and its 200-day simple moving average is $63.93. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $11.32 billion, a P/E ratio of 26.73 and a beta of 1.20. U-Haul Holding has a twelve month low of $56.28 and a twelve month high of $79.04.

Analysts Set New Price Targets

Separately, Wolfe Research began coverage on shares of U-Haul in a research note on Monday, May 19th. They set a "peer perform" rating for the company.

About U-Haul

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.