U-Haul (NASDAQ:UHAL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of U-Haul Holding (NASDAQ:UHAL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $69.85 and traded as high as $69.93. U-Haul shares last traded at $69.01, with a volume of 92,170 shares.

U-Haul Stock Performance

The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 29.96 and a beta of 1.09. The firm has a fifty day simple moving average of $71.59 and a 200 day simple moving average of $69.89. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 2.16.

U-Haul (NASDAQ:UHAL) last released its earnings results on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.46). U-Haul had a return on equity of 6.46% and a net margin of 8.39%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $1.36 EPS. On average, analysts anticipate that U-Haul Holding will post 2.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Motley Fool Asset Management LLC purchased a new stake in shares of U-Haul during the third quarter worth $201,000. Legacy Capital Group California Inc. acquired a new position in U-Haul during the third quarter worth about $244,000. Anthracite Investment Company Inc. purchased a new stake in U-Haul during the 3rd quarter valued at about $269,000. Atom Investors LP acquired a new stake in U-Haul in the 3rd quarter valued at about $301,000. Finally, Lodestone Wealth Management LLC lifted its stake in U-Haul by 5.6% in the 3rd quarter. Lodestone Wealth Management LLC now owns 4,407 shares of the transportation company’s stock worth $341,000 after purchasing an additional 233 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.