SG Americas Securities LLC Reduces Holdings in U-Haul Holding (NASDAQ:UHAL)

SG Americas Securities LLC lowered its stake in shares of U-Haul Holding (NASDAQ:UHAL) by 85.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,723 shares of the transportation company’s stock after selling 10,153 shares during the quarter. SG Americas Securities LLC’s holdings in U-Haul were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UHAL. Millennium Management LLC grew its position in shares of U-Haul by 28,416.3% during the fourth quarter. Millennium Management LLC now owns 375,560 shares of the transportation company’s stock worth $22,605,000 after buying an additional 374,243 shares in the last quarter. FMR LLC grew its position in shares of U-Haul by 109.4% during the first quarter. FMR LLC now owns 478,687 shares of the transportation company’s stock worth $28,554,000 after buying an additional 250,046 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of U-Haul during the fourth quarter worth approximately $10,241,000. Ameriprise Financial Inc. grew its position in shares of U-Haul by 1,551.6% during the first quarter. Ameriprise Financial Inc. now owns 126,994 shares of the transportation company’s stock worth $7,578,000 after buying an additional 119,305 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of U-Haul by 286.4% during the second quarter. Marshall Wace LLP now owns 158,853 shares of the transportation company’s stock worth $8,788,000 after buying an additional 117,740 shares in the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

Insiders Place Their Bets

In other U-Haul news, Director John P. Brogan sold 3,000 shares of U-Haul stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $64.32, for a total value of $192,960.00. Following the completion of the transaction, the director now owns 43,987 shares of the company’s stock, valued at $2,829,243.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 50.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of U-Haul from a “hold” rating to a “sell” rating in a research report on Saturday, February 24th.

U-Haul Stock Performance

U-Haul stock opened at $62.92 on Thursday. The company has a market cap of $12.34 billion, a PE ratio of 19.36 and a beta of 1.07. The company has a fifty day moving average price of $65.61 and a two-hundred day moving average price of $61.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.29 and a quick ratio of 3.07. U-Haul Holding has a 12 month low of $48.07 and a 12 month high of $73.03.

U-Haul (NASDAQ:UHAL) last released its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.36). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. U-Haul had a return on equity of 9.52% and a net margin of 11.67%. Research analysts expect that U-Haul Holding will post 3.2 earnings per share for the current year.

U-Haul Profile

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.