Maverick Capital Ltd. Invests $651,000 in U-Haul Holding Company $UHAL

Maverick Capital Ltd. purchased a new position in shares of U-Haul Holding Company (NYSE:UHAL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,621 shares of the company’s stock, valued at approximately $651,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP purchased a new stake in U-Haul in the 3rd quarter worth about $218,000. Inscription Capital LLC purchased a new position in shares of U-Haul during the fourth quarter valued at approximately $223,000. Shay Capital LLC bought a new position in shares of U-Haul during the third quarter valued at approximately $257,000. Legacy Capital Group California Inc. grew its stake in shares of U-Haul by 4.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,801 shares of the company’s stock valued at $242,000 after buying an additional 204 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of U-Haul in the third quarter worth approximately $349,000. 3.63% of the stock is currently owned by institutional investors.

U-Haul Trading Up 0.4%

UHAL opened at $73.28 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.73 and a debt-to-equity ratio of 1.04. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 305.34 and a beta of 1.11. U-Haul Holding Company has a 12 month low of $41.94 and a 12 month high of $74.00. The stock has a fifty day moving average price of $63.29 and a 200-day moving average price of $55.42.

U-Haul (NYSE:UHAL) last issued its quarterly earnings data on Wednesday, May 27th. The company reported ($0.70) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.02. U-Haul had a return on equity of 1.06% and a net margin of 1.38%.The company had revenue of $1.27 billion for the quarter. As a group, equities research analysts anticipate that U-Haul Holding Company will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised U-Haul from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Citizens Jmp initiated coverage on U-Haul in a research report on Wednesday, July 15th. They issued a “mkt outperform” rating and a $90.00 price objective on the stock. Citigroup assumed coverage on U-Haul in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen downgraded U-Haul from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

About U-Haul

U-Haul (NYSE: UHAL) is a leading provider of do-it-yourself moving and storage solutions in North America. The company offers a comprehensive suite of products and services that includes the rental of trucks, trailers and towing equipment, as well as portable moving containers known as U-Box. In addition to vehicle rentals, U-Haul supplies customers with moving essentials such as boxes, packing materials and hitch installations, ensuring an integrated moving experience. The company also operates self-storage facilities under the U-Haul Storage brand, catering to both short-term and long-term needs.

Founded in 1945 by Leonard Shoen in Ridgefield, Washington, U-Haul has expanded its footprint through a mix of corporate-owned centers and independent dealer locations.