Parkwood LLC Lowers Stock Holdings in U-Haul Holding $UHAL

Key Points

• Parkwood LLC has reduced its stake in U-Haul Holding by 9.3%, owning 118,546 shares valued at approximately $7.75 million after selling 12,198 shares in the first quarter.
• Multiple institutional investors are adjusting their holdings in U-Haul, with firms like Opal Wealth Advisors and Versor Investments LP recently acquiring new stakes or increasing their investments during the same period.
• Wolfe Research has initiated coverage on U-Haul, assigning a "peer perform" rating, while the overall consensus rating for the stock remains "Hold."

Parkwood LLC trimmed its position in shares of U-Haul Holding (NASDAQ:UHAL - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 118,546 shares of the transportation company's stock after selling 12,198 shares during the quarter. Parkwood LLC owned about 0.06% of U-Haul worth $7,748,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Legacy Capital Group California Inc. grew its position in 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 valued at $248,000 after purchasing an additional 412 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in U-Haul during the 1st quarter valued at about $105,000. Old West Investment Management LLC lifted its stake in U-Haul by 1.5% during the 1st quarter. Old West Investment Management LLC now owns 135,509 shares of the transportation company's stock valued at $8,857,000 after acquiring an additional 1,972 shares during the period. Versor Investments LP lifted its stake in U-Haul by 100.0% during the 1st quarter. Versor Investments LP now owns 6,400 shares of the transportation company's stock valued at $418,000 after acquiring an additional 3,200 shares during the period. Finally, Gabelli Funds LLC grew its position in U-Haul by 11.7% in the 1st quarter. Gabelli Funds LLC now owns 34,167 shares of the transportation company's stock worth $2,233,000 after purchasing an additional 3,567 shares during the period. 3.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wolfe Research started coverage on shares of U-Haul in a research report on Monday, May 19th. They issued a "peer perform" rating for the company. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, U-Haul has a consensus rating of "Hold".

U-Haul Stock Performance

Shares of NASDAQ UHAL traded up $0.55 during midday trading on Tuesday, hitting $58.43. 139,209 shares of the company's stock traded hands, compared to its average volume of 113,447. U-Haul Holding has a 1 year low of $56.25 and a 1 year high of $79.04. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 27.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03. The firm has a fifty day moving average of $59.47 and a 200 day moving average of $62.13.

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.