Marshall Wace LLP Cuts Stake in U-Haul Holding (NASDAQ:UHAL)

Marshall Wace LLP cut its stake in U-Haul Holding (NASDAQ:UHAL) by 12.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,203 shares of the transportation company’s stock after selling 11,597 shares during the quarter. Marshall Wace LLP’s holdings in U-Haul were worth $5,074,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of U-Haul in the first quarter valued at approximately $120,000. Caxton Associates LP purchased a new position in U-Haul in the 1st quarter valued at $206,000. Diversified Trust Co purchased a new stake in shares of U-Haul during the second quarter worth $248,000. Lodestone Wealth Management LLC grew its holdings in shares of U-Haul by 26.1% during the first quarter. Lodestone Wealth Management LLC now owns 4,259 shares of the transportation company’s stock worth $288,000 after buying an additional 881 shares in the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of U-Haul in the second quarter valued at about $308,000. 3.63% of the stock is currently owned by institutional investors and hedge funds.

U-Haul Stock Performance

UHAL opened at $78.15 on Wednesday. U-Haul Holding has a twelve month low of $48.07 and a twelve month high of $79.04. The firm has a market capitalization of $15.32 billion, a PE ratio of 25.71 and a beta of 1.09. The company has a current ratio of 2.18, a quick ratio of 1.99 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $70.14 and its 200 day moving average price is $66.77.

U-Haul (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 7th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.20). U-Haul had a net margin of 9.92% and a return on equity of 7.76%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company earned $1.27 earnings per share. As a group, sell-side analysts expect that U-Haul Holding will post 2.7 EPS for the current fiscal year.

About U-Haul

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.