Estuary Capital Management LP Reduces Stake in U-Haul Holding Company $UHAL

Key Points

• Estuary Capital Management reduced its U-Haul stake by 80.9% in the first quarter, selling 275,052 shares and retaining 64,800 shares valued at approximately $2.9 million.
• U-Haul shares opened at $72.97, near their 52-week high of $73.38, with the stock up substantially above its 50-day and 200-day moving averages. The company recently reported quarterly revenue of $1.27 billion and adjusted its loss per share to $0.70, slightly beating estimates.
• Analyst sentiment remains mixed but leans positive: coverage includes outperform, strong buy, buy and sell ratings, resulting in a “Moderate Buy” consensus and an average price target of $85.

Estuary Capital Management LP cut its stake in U-Haul Holding Company (NYSE:UHAL - Free Report) by 80.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,800 shares of the company's stock after selling 275,052 shares during the quarter. U-Haul comprises approximately 0.5% of Estuary Capital Management LP's investment portfolio, making the stock its 22nd biggest position. Estuary Capital Management LP's holdings in U-Haul were worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UHAL. Tudor Investment Corp ET AL increased its position in U-Haul by 167.3% during the third quarter. Tudor Investment Corp ET AL now owns 95,393 shares of the company's stock worth $5,444,000 after purchasing an additional 59,699 shares during the last quarter. Caxton Associates LLP acquired a new position in U-Haul in the 1st quarter valued at about $496,000. Inceptionr LLC acquired a new position in U-Haul in the 1st quarter valued at about $709,000. Deltroit Asset Management UK LLP purchased a new stake in shares of U-Haul in the 4th quarter valued at approximately $5,182,000. Finally, Virtu Financial LLC grew its stake in shares of U-Haul by 127.8% in the 4th quarter. Virtu Financial LLC now owns 34,159 shares of the company's stock valued at $1,722,000 after buying an additional 19,165 shares during the period. Hedge funds and other institutional investors own 3.63% of the company's stock.

U-Haul Stock Performance

Shares of UHAL stock opened at $72.97 on Tuesday. The firm's 50 day moving average price is $62.80 and its 200-day moving average price is $55.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.73 and a current ratio of 1.94. U-Haul Holding Company has a one year low of $41.94 and a one year high of $73.38. The firm has a market cap of $14.31 billion, a P/E ratio of 304.05 and a beta of 1.11.

U-Haul (NYSE:UHAL - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.02. The firm had revenue of $1.27 billion during the quarter. U-Haul had a net margin of 1.38% and a return on equity of 1.06%. As a group, equities research analysts predict that U-Haul Holding Company will post 1.32 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citizens Jmp initiated coverage on shares of U-Haul in a research report on Wednesday, July 15th. They set a "mkt outperform" rating and a $90.00 price target on the stock. Wall Street Zen cut U-Haul from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings upgraded U-Haul from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday. Finally, Citigroup assumed coverage on U-Haul in a research note on Wednesday, July 15th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.00.

U-Haul Company Profile

U-Haul NYSE: UHAL is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.

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