U-Haul (NASDAQ:UHAL) Sets New 12-Month Low - What's Next?

Key Points

• U-Haul's stock has reached a new 52-week low of $55.37, indicating a potential decline in investor confidence, as the stock last traded at $55.58.
• Institutional investors are actively modifying their positions, with several acquiring new shares or increasing existing holdings, indicating varied sentiment around the company's future.
• U-Haul operates in the insurance and moving and storage businesses, comprising multiple segments that include truck rentals and property insurance, which are crucial to its revenue stream.

U-Haul Holding (NASDAQ:UHAL - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $55.37 and last traded at $55.58, with a volume of 7386 shares trading hands. The stock had previously closed at $56.32.

U-Haul Stock Performance

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's 50 day simple moving average is $58.61 and its 200 day simple moving average is $61.27. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 26.37 and a beta of 1.18.

Hedge Funds Weigh In On U-Haul

Large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of U-Haul in the 2nd quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new position in U-Haul during the first quarter worth $105,000. Legacy Capital Group California Inc. raised its position in U-Haul by 12.2% during the first quarter. Legacy Capital Group California Inc. now owns 3,795 shares of the transportation company's stock worth $248,000 after acquiring an additional 412 shares during the period. State of Wyoming acquired a new position in U-Haul during the first quarter worth $315,000. Finally, Belpointe Asset Management LLC raised its position in U-Haul by 29.4% during the first quarter. Belpointe Asset Management LLC now owns 5,344 shares of the transportation company's stock worth $349,000 after acquiring an additional 1,214 shares during the period. 3.63% of the stock is currently 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.