Parkwood LLC Sells 12,198 Shares of 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 cut its position in shares of U-Haul Holding (NASDAQ:UHAL - Free Report) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,546 shares of the transportation company's stock after selling 12,198 shares during the quarter. Parkwood LLC owned 0.06% of U-Haul worth $7,748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Old West Investment Management LLC raised its holdings in shares of U-Haul by 1.5% during the first 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. Two Sigma Advisers LP raised its stake in U-Haul by 263.6% during the 4th quarter. Two Sigma Advisers LP now owns 117,800 shares of the transportation company's stock valued at $8,139,000 after purchasing an additional 85,400 shares during the period. Two Sigma Investments LP raised its stake in U-Haul by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 112,976 shares of the transportation company's stock valued at $7,806,000 after purchasing an additional 67,757 shares during the period. Gabelli Funds LLC lifted its holdings in shares of U-Haul by 11.7% in the first quarter. Gabelli Funds LLC now owns 34,167 shares of the transportation company's stock valued at $2,233,000 after purchasing an additional 3,567 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of U-Haul in the first quarter worth $1,749,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wolfe Research started coverage on U-Haul in a research report on Monday, May 19th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

U-Haul Stock Up 1.5%

UHAL stock traded up $0.87 during mid-day trading on Thursday, hitting $58.60. The stock had a trading volume of 118,708 shares, compared to its average volume of 113,603. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 27.13 and a beta of 1.18. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89. U-Haul Holding has a 1-year low of $56.25 and a 1-year high of $79.04. The company has a fifty day moving average of $59.39 and a 200 day moving average of $62.10.

U-Haul Company Profile

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.