U-Haul (NASDAQ:UHAL) Sets New 1-Year Low - Here's What Happened

Key Points

• U-Haul shares hit a new 52-week low, trading at $56.07, down from a prior close of $57.52, with a trading volume of 176,343 shares.
• The stock currently has a consensus rating of "Hold" from analysts, with Wolfe Research starting coverage with a "peer perform" rating.
• Recent hedge fund activity includes new acquisitions and increased stakes, with 3.63% of U-Haul's stock owned by institutional investors and hedge funds.

Shares of U-Haul Holding (NASDAQ:UHAL - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $56.07 and last traded at $56.53, with a volume of 176343 shares. The stock had previously closed at $57.52.

U-Haul Trading Down 0.5%

The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 26.03 and a beta of 1.18. The business has a 50-day moving average of $58.82 and a two-hundred day moving average of $61.56. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On U-Haul

A number of institutional investors have recently added to or reduced their stakes in the company. Old West Investment Management LLC grew its position in U-Haul by 5.5% during the second quarter. Old West Investment Management LLC now owns 142,984 shares of the transportation company's stock worth $8,659,000 after buying an additional 7,475 shares in the last quarter. Parkwood LLC boosted its holdings in U-Haul by 2.0% during the second quarter. Parkwood LLC now owns 120,908 shares of the transportation company's stock valued at $7,322,000 after purchasing an additional 2,362 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in U-Haul by 263.6% during the fourth 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 in the last quarter. Two Sigma Investments LP boosted its holdings in U-Haul by 149.8% during the fourth 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 in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in U-Haul by 11.7% during 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. 3.63% of the stock is owned by institutional investors and hedge funds.

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.