U-Haul (NASDAQ:UHAL) Hits New 52-Week Low - Here's What Happened

Key Points

• U-Haul's stock reached a new 52-week low of $55.19, seeing a trading volume of 31,971 shares, compared to a previous close of $56.38.
• Several large investors, including Legacy Capital Group and Belpointe Asset Management, have recently increased their holdings in U-Haul, indicative of institutional interest.
• U-Haul operates in the moving and storage sectors, with additional offerings in insurance services, consisting of property and casualty as well as life insurance.

U-Haul Holding (NASDAQ:UHAL - ) shares hit a new 52-week low on Tuesday . The company traded as low as $55.19 and last traded at $55.19, with a volume of 31971 shares trading hands. The stock had previously closed at $56.38.

U-Haul Price Performance

The business's 50 day moving average is $57.55 and its two-hundred day moving average is $60.77. The firm has a market capitalization of $10.82 billion, a PE ratio of 25.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Legacy Capital Group California Inc. grew its holdings in shares of U-Haul by 12.2% in the first quarter. Legacy Capital Group California Inc. now owns 3,795 shares of the transportation company's stock worth $248,000 after purchasing an additional 412 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of U-Haul in the second quarter worth approximately $33,000. Belpointe Asset Management LLC grew its holdings in shares of U-Haul by 15.8% in the second quarter. Belpointe Asset Management LLC now owns 6,189 shares of the transportation company's stock worth $375,000 after purchasing an additional 845 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of U-Haul in the first quarter worth approximately $105,000. Finally, Old West Investment Management LLC grew its holdings in shares of U-Haul by 1.5% in the first quarter. Old West Investment Management LLC now owns 135,509 shares of the transportation company's stock worth $8,857,000 after purchasing an additional 1,972 shares during the last quarter. 3.63% of the stock is owned by hedge funds and other institutional investors.

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.

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