Old West Investment Management LLC Increases Stock Position in U-Haul Holding $UHAL

Old West Investment Management LLC increased its position in U-Haul Holding (NASDAQ:UHAL) by 5.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 142,984 shares of the transportation company’s stock after buying an additional 7,475 shares during the period. U-Haul accounts for about 2.9% of Old West Investment Management LLC’s holdings, making the stock its 15th largest holding. Old West Investment Management LLC’s holdings in U-Haul were worth $8,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in U-Haul during the second quarter worth about $33,000. Legacy Capital Group California Inc. raised its holdings in U-Haul by 12.2% in the first quarter. Legacy Capital Group California Inc. now owns 3,795 shares of the transportation company’s stock valued at $248,000 after buying an additional 412 shares during the period. State of Wyoming acquired a new position in U-Haul during the first quarter valued at approximately $315,000. Belpointe Asset Management LLC lifted 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 valued at $349,000 after buying an additional 1,214 shares in the last quarter. Finally, Versor Investments LP grew its stake in U-Haul by 100.0% during the first quarter. Versor Investments LP now owns 6,400 shares of the transportation company’s stock worth $418,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 3.63% of the company’s stock.

U-Haul Stock Performance

U-Haul stock opened at $51.19 on Friday. U-Haul Holding has a 12-month low of $51.15 and a 12-month high of $75.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.03 and a quick ratio of 1.83. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 23.70 and a beta of 1.19. The firm’s fifty day moving average price is $55.63 and its 200 day moving average price is $59.27.

Wall Street Analyst Weigh In

Separately, Vertical Research set a $80.00 target price on shares of U-Haul and gave the company a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

About U-Haul

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.